Property summary
This exceptional 4,293 square foot, two-story office building presents a unique investment opportunity in Chesapeake, VA's thriving Greenbrier submarket. Situated on a 0.72-acre lot at the corner of Greenbrier Parkway and Citizens Lane, this former bank branch boasts a prime location with high visibility and accessibility. The property features a convenient four-lane drive-thru, 27 surface parking spaces, and a monument sign. Built in 1987, the Class B building offers excellent potential for renovation or build-to-suit opportunities. The site benefits from a daily traffic count of 29,000 vehicles and is strategically located less than half a mile from I-64, providing easy access to major transportation arteries. The property is zoned Planned Unit Development (PUD), allowing for a variety of commercial uses, including offices, retail, and services, as permitted by the Chesapeake Zoning Ordinance. Nearby amenities include national retailers, major employment centers, and educational institutions such as Indian River High School. The property's adjacency to Taco Bell and proximity to Toyota and Infiniti dealerships further enhances its desirability. This is an exceptional opportunity to acquire a well-positioned commercial property in a high-growth area. The property taxes are $2.90 per square foot.
Property profile
VerifiedCap rate & NOI
Current use
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Loan Service Bank
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Insurance Agency
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Loan Service Bank
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for PUD: PLANNED UNIT DEVELOP in Chesapeake, VA.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning