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7923 Chesapeake Blvd Norfolk, VA 23518

Prime Retail Land, 3.75 Acres

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 3.75-acre commercial property located at 7923 Chesapeake Blvd in Norfolk, Virginia, presents a unique redevelopment opportunity. The site boasts a total building square footage of 32,864 square feet, currently configured for multiple retail tenants. The property's zoning allows for a variety of development options, including ground leases and build-to-suit projects, making it ideal for investors seeking significant returns. Its prime location in Norfolk, VA, zip code 23518, offers excellent visibility and accessibility, ensuring high traffic volume and potential for strong tenant occupancy. The existing structures provide a solid foundation for redevelopment or can be demolished to create a completely new development. This versatile property is perfect for those seeking to capitalize on the growing Norfolk market. The ample land area provides significant flexibility for design and construction, allowing for a wide range of development possibilities to meet diverse needs. With its strategic location and substantial size, this property represents a compelling investment opportunity for experienced developers and forward-thinking businesses. The property is classified as both retail and land, offering a unique blend of immediate income potential and long-term growth prospects. Serious inquiries are encouraged to explore the full potential of this remarkable redevelopment site.

Highlights

  • Excellent visibility at the Northwest corner of Little Creek Road and Chesapeake Boulevard.
  • Easy access to I-64 via multiple interchanges.
  • High traffic counts: 36,134 VPD on Little Creek Road and 23,956 VPD on Chesapeake Boulevard.
  • Lease rate: $2,500/month plus utilities.
  • 4.75-acre site with expansion potential (up to 32,864 SF) and redevelopment opportunities including ground lease or build-to-suit options.
  • Strong retail location in a dense submarket serving Ocean View, Bay View, and Larrymore Lawns, with nearby national retailers including CVS, Rite Aid, Wawa, and Walmart.

Property Details for 7923 Chesapeake Blvd

Property type
Retail properties, Land
RSF (Rentable sq. ft)
32,864 SF

Unit(s) available at that property

Space
1
Size
163,350 SF

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.9158164
Longitude
-76.2421411

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FAQs

What type of property is this?
Retail property - Prime Retail Land, 3.75 Acres
Where is the retail property located?
The property is located at 7923 Chesapeake Blvd Norfolk, VA.
What are key features of this property?
This property features: Excellent visibility at the Northwest corner of Little Creek Road and Chesapeake Boulevard.; Easy access to I-64 via multiple interchanges.; High traffic counts: 36,134 VPD on Little Creek Road and 23,956 VPD on Chesapeake Boulevard.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Ryan King
Ryan King
Bob King
Bob King
Visit Broker Website

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Useful Information

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Chesapeake Blvd
Norfolk, VA 23518

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Chesapeake Blvd
Norfolk, VA 23518

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

7923 Chesapeake Blvd
  • Ryan King
    Ryan King
  • Bob King
    Bob King
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