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2324 Chesapeake Square Ring Rd

11,414 SF 100% Leased Retail Building Chesapeake, VA 23321 £1,868,936 (£164/SF)

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.

ATTACHMENTS

Marketing Brochure/Flyer

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,414 SF
Building Class
C
Year Built
1997
Price
£1,868,936
Price Per SF
£164
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.10
Lot Size
2.69 AC
Zoning
B2 - General Business
Parking
113 Spaces (7.53 Spaces per 1,000 SF Leased)
Frontage
643 ft on Chesapeake Square Blvd

AMENITIES

  • Bus Route
  • Dedicated Turn Lane
  • Signage
  • Signalised Intersection
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NEARBY MAJOR RETAILERS

Olive Garden
Red Lobster
Golden Corral Buffet & Grill
Food Lion
Five Guys
LongHorn Steakhouse
Lidl
Truist
Applebee's
Starbucks

PROPERTY TAXES

Parcel Number 0106009000040 Improvements Assessment £660,172
Land Assessment £1,615,954 Total Assessment £2,276,125

PROPERTY TAXES

Parcel Number
0106009000040
Land Assessment
£1,615,954
Improvements Assessment
£660,172
Total Assessment
£2,276,125
(757) 228-1829

CONTACT

  • Listing ID: 22420775

  • Date on Market: 08/03/2021

  • Last Updated:

  • Address: 2324 Chesapeake Square Ring Rd, Chesapeake, VA 23321

The Western Branch North Retail Property at 2324 Chesapeake Square Ring Rd, Chesapeake, VA 23321 is currently available. Contact CBRE, Inc. for more information.

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2324 Chesapeake Square Ring Rd
(757) 228-1829 x

2324 Chesapeake Square Ring Rd

Ned Brooks

(757) 228-1829

(757) 228-1829

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