2324 Chesapeake Square Ring Rd Chesapeake, VA 23321

This exceptional 11,414 square foot restaurant property, located at 2324 Chesapeake Square Ring Rd, Chesapeake, VA 23321, presents a unique investment opportunity. Built in 1997, the property sits on a 2.689-acre lot and is zoned B-2, offering flexibility for various commercial uses. Currently vacant, this former restaurant boasts a prime location within the thriving Chesapeake Square submarket, directly adjacent to major retail anchors including Target, Walmart, Sam's Club, and Burlington Coat Factory. The property benefits from excellent visibility and accessibility via the mall ring road and features prominent monument signage. The Chesapeake Square submarket is experiencing significant residential growth, further enhancing its appeal. The area is also poised for substantial future development, with a planned $20 million redevelopment project for the western half of the Chesapeake Square Mall. This strategic location offers convenient access to I-664, ensuring high traffic volume and strong potential for success. The asking price for this remarkable property is $2,350,000. This is an unparalleled chance to acquire a well-situated, sizable commercial property in a rapidly expanding market.