Falcon Ave Chesapeake, VA 23324

This exceptional 10.967-acre industrial land parcel, located at Falcon Ave, Chesapeake, Virginia (zip code 23324), presents a unique investment opportunity. Currently zoned RMF1 (Multifamily Residential), the seller is open to rezoning for industrial use, offering significant flexibility for prospective buyers. A previously approved site plan, dated April 30, 2008, from the Department of Planning outlines a 75-unit multifamily development for the property, providing a solid foundation for potential future projects. While most reports and approvals will require updates, comprehensive engineering plans and reports are available for review, facilitating a streamlined due diligence process. Utilities are conveniently located on nearby Bainbridge Blvd, ensuring ready access to essential services. The asking price for this strategically located property is $1,500,000. This presents a compelling opportunity for developers and investors seeking a substantial land holding in a growing area of Chesapeake, Virginia. The property's size and existing approvals make it well-suited for a variety of industrial uses, subject to necessary rezoning and updated approvals. Prospective buyers are encouraged to conduct their own due diligence to confirm all aspects of the property and its suitability for their intended use.