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Property profile & analytics
FOR SALE
Outlet malls

2448 Chesapeake Square Ring Rd Chesapeake, VA 23321

224,077 SF 27.3 ac lot Built 2002
Entity Owned Free & Clear
Property ID
US87-0758678
2448 Chesapeake Square Ring Rd, Chesapeake, VA 23321 For Sale
$1,180,000 224,077 SF
2448 Chesapeake Square Ring Rd, Chesapeake, VA 23321
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2002
Total area 224,077 SF
Lot 27.3 ac (1,189,319 SF)
Zoning code B2: GENERAL BUSINESS
APN 90000001420
UPID US87-0758678
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
Current use
Occupant on record · Public records
  • ecoATM Electronics Vending Machine Atm
  • Walmart Connection Center Mobile Phone Store Electronics & Wireless Store
  • Walmart Money Center Check Cashing
  • MoneyGram Bank Credit Union
  • Walmart Home Services Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$17.47M
Owner & transaction history
WAL-MART STORES EAST
WAL-MART STORES EAST
Zoning & alternative use
B2: GENERAL BUSINESS · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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