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    FOR LEASE
    Strip malls

    7920 Chesapeake Blvd, Norfolk, VA 23518

    8,180 SF 0.65 ac lot Built 1973
    Individually Owned 14-yr Hold ~ Est. High Equity
    Property ID
    US87-3353298
    Property summary
    AI-generated overview

    This exceptional commercial property at 7920 Chesapeake Blvd in Norfolk, Virginia (zip code 23518) offers multiple tenancy opportunities in a prime location. Two spaces are currently available, ranging from 700 to 1600 square feet, suitable for a variety of uses including retail, office, and restaurant establishments. One space is a former laundromat endcap, providing excellent visibility and street frontage. Another space is a second-generation restaurant space, complete with existing kitchen infrastructure including a 12-foot hood and a three-compartment sink. The property boasts a highly visible location on Chesapeake Boulevard, benefiting from significant daily traffic volume. With 36,134 vehicles per day on Little Creek Road and 23,956 vehicles per day on Chesapeake Boulevard, this property offers unparalleled exposure to potential customers. The building's strategic placement ensures easy access for patrons and high visibility from Little Creek Road, maximizing the potential for business success. This is an excellent opportunity for businesses seeking a high-traffic location with existing infrastructure in place. Contact us today to learn more about lease terms and availability.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1973
    Total area 8,180 SF
    Lot 0.65 ac (28,144 SF)
    Zoning code C-2
    APN 12924602
    UPID US87-3353298
    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
    • Cuts & Styles Unlimited inc Barber Shop
    • Tine's Coin-Op Laundry & Drop Off (Bike/Boat/Book/etc) Store
    • Eda's Sewing Shop And Alterations (Bike/Boat/Book/etc) Store
    • TM Grooming Pet Grooming Service
    • Mi Tierra Mayas Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ronald W Boone SR. · 14 yrs held
    Ronald W Boone SR.
    since 2011
    2 recorded transactions
    2021
    2011
    Zoning & alternative use
    C-2 · Norfolk, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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