Oldwood St Chesapeake, VA 23324

This 0.16-acre land parcel, located on Oldwood Street in Chesapeake, Virginia (zip code 23324), presents a unique investment opportunity. Currently zoned B-1, this property offers potential for diverse uses. The land consists of two partially wooded parcels, providing a natural and tranquil setting. Its strategic location offers significant upside potential. Adjacent properties are zoned RTH1 residential, suggesting the possibility of future rezoning for residential development, subject to city approval. The asking price for this property is $45,000. The property's address is Oldwood St, Chesapeake, VA 23324, and its coordinates are 36.8199617 latitude and -76.261252 longitude. Given its current B-1 zoning and proximity to RTH1 residential zoning, this land parcel represents a compelling investment opportunity for those seeking land in a developing area of Chesapeake. The relatively small size makes it suitable for a variety of uses, from potential residential development (pending rezoning) to other permitted B-1 uses. Serious inquiries are encouraged to explore the possibilities of this promising land investment. Further due diligence is recommended to confirm zoning regulations and development potential.