2337 Dock Landing Rd, Chesapeake, VA 23321
This exceptional 2.33-acre property in Chesapeake, VA, presents a unique investment opportunity. Located at 2337 Dock Landing Rd, zip code 23321, this lot boasts 342 feet of frontage on Dock Landing Road, with additional access via a side road. The existing 2,794 square foot, single-story home, built in 1954, features four bedrooms, two full bathrooms, and two half-baths, including a living room fireplace. The property is zoned R-15S, offering flexibility for various uses, including potential commercial development or senior living apartments. The substantial lot size provides ample space for expansion or redevelopment. A significant advantage is the property's backing onto a large lake with a water spillway, ensuring effective drainage. Surveys and the deed are readily available for due diligence. The asking price is $700,000, translating to $250.54 per square foot. The seller requires a reasonable closing timeframe to facilitate their relocation. This property offers a compelling blend of residential comfort and significant commercial potential in a desirable Chesapeake location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.