2448 Chesapeake Square Ring Rd Chesapeake, VA 23321
For Sale
This exceptional 23,700-square-foot retail property, located at 2448 Chesapeake Square Ring Road in Chesapeake, Virginia (zip code 23321), presents a unique investment opportunity. Situated on a 2.95-acre lot, this Class C building offers a single-tenant occupancy and is completely vacant, providing immediate potential for customization and development. The property's zoning is B-2, allowing for a variety of commercial uses. Approved plans for retail shops are already in place, streamlining the development process. The strategic location offers significant advantages, shadow-anchored by a Walmart Supercenter and Sam's Club, ensuring high visibility and substantial foot traffic. Its proximity to I-664 and Chesapeake Square Mall further enhances its accessibility and desirability. This property is ideal for businesses seeking a prominent location in a thriving commercial area within Suffolk County. The building's total square footage is 23,700 square feet, all of which is currently vacant. This presents a blank canvas for a prospective tenant to create a space perfectly tailored to their needs. The property's location near major roadways and established retail giants makes it an attractive proposition for businesses seeking high visibility and convenient access for customers. This is a rare opportunity to acquire a substantial retail space in a prime location with significant growth potential.
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ecoATM Electronics Vending Machine Atm
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Walmart Connection Center Mobile Phone Store Electronics & Wireless Store
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Walmart Money Center Check Cashing
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MoneyGram Bank Credit Union
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Walmart Home Services Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2: GENERAL BUSINESS · Chesapeake, VAChesapeake. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.