7923 Chesapeake BlvdNorfolk, VA 23518

Property Details for 7923 Chesapeake Blvd

Lot size

3.75 AC

Property size (Sq ft)

32,864 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

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.

Location Insight

City

Norfolk

County

Norfolk City

State

Virginia

Latitude

36.9158

Longitude

-76.2421

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