For Sale
$1,195,000

516 Innovation Dr Chesapeake, VA 23320

Prime Medical Office, 4,057 SF, $1.19M

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A medical office condo, located at 516 Innovation Dr, Chesapeake, VA 23320, presents a unique owner-user opportunity. The 4,057 square foot space is situated within the Oakbrooke Professional Center, a Planned Urban Development (PUD) zoned property. Boasting a modern medical buildout, the single-unit condo features six exam rooms, seven private offices, a reception/waiting area, a break area, and a lab room. Each room is equipped with sinks and built-in upper and lower cabinets. The building offers convenient amenities including a covered drop-off area, a two-story lobby, two elevators, automatic/ADA compliant entry doors, and is pre-wired for high-speed internet access. A remote-controlled intercom system ensures after-hours security. The 0.094-acre lot provides ample parking with a 5.0 spaces per 1,000 square feet ratio. This turnkey property is priced at $1,195,000 ($320.43/SF) and is offered as a Net Net Net (NNN) lease. The property is a three-story condo building and is identified by APN 0482017000035. This is an ideal investment for medical professionals seeking a well-appointed and conveniently located practice space in the Greenbrier | Battlefield submarket of Chesapeake.

Highlights

  • Generous covered drop-off area.
  • Two-story grand lobby.
  • Ample parking: 5 spaces per 1,000 square feet.
  • Two high-speed elevators.
  • ADA-compliant automatic entry doors.
  • High-speed internet infrastructure.

Property Details for 516 Innovation Dr

Property type
Office properties, Medical offices
Square Feet
4,057 SF
Class
A
Stories
3
Lot Size (sq. ft)
4,095 SF
Units
1

Location Insight

City
Chesapeake
County
Chesapeake
State
Virginia
Latitude
36.735841
Longitude
-76.2200571

FAQs

What type of property is this?
Office property - Prime Medical Office, 4,057 SF, $1.19M
Where is the office property located?
The property is located at 516 Innovation Dr Chesapeake, VA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Generous covered drop-off area.; Two-story grand lobby.; Ample parking: 5 spaces per 1,000 square feet.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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516 Innovation Dr
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