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    OFF-MARKET
    Commercial real estate

    2337 Dock Landing Rd, Chesapeake, VA 23321

    2,794 SF Built 1954
    Property ID
    US87-0797822
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1954
    Total area 2,794 SF
    UPID US87-0797822
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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