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2324 Chesapeake Square Ring Rd 11,414 sq ft 100% Let Retail Property Chesapeake, VA 23321 £1,750,303 (£153.35/sq ft)
INVESTMENT HIGHLIGHTS
- Adjacent to Target, Sam’s Club, & Burlington Coat Factory.
- Owner will consider subdividing parcel.
- Easy access to Taylor Road & Portsmouth Boulevard.
- Super regional submarket with ready access to I-664.
EXECUTIVE SUMMARY
The subject property is located in the Chesapeake Square submarket of Chesapeake, Virginia. The retail submarket is anchored by Chesapeake Square Mall and surrounded by an abundance of retail anchors and restaurants. The submarket has also experienced a surge of recent residential growth with much more in the planning stages. The property has access to the mall ring road and has monument signage.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Sale Conditions
Property Type
Retail
Property Subtype
Property Size
11,414 sq ft
Costar Property Class
C
Year Built
1997
Price
£1,750,303
Price per sq ft
£153.35
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.10
Total Plot Size
2.69 ac
Use Class
B2 - General Business
Parking
113 Spaces (7.53 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Bus Route
- Dedicated Turn Lane
- Signage
- Signalised Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0106009000040 | Improvements Assessment | £613,872 |
| Land Assessment | £1,513,379 | Total Assessment | £2,127,252 |
PROPERTY TAXES
Parcel Number
0106009000040
Land Assessment
£1,513,379
Improvements Assessment
£613,872
Total Assessment
£2,127,252
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2324 Chesapeake Square Ring Rd
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