1601 Cahoon PkwyChesapeake, VA 23322

  • Land
  • 1.26 AC
For Sale
$495,000 View listing

Property Details for 1601 Cahoon Pkwy

Lot size
1.26 AC
Zone code
B2: GENERAL BUSINESS
Property type
Land
Property subtype
Commercial land
APN
460000001790
APU
460000001790

Description

This exceptional 1.26-acre commercial land parcel presents a remarkable investment opportunity in Chesapeake, Virginia. Located at 1601 Cahoon Parkway, this property boasts a highly desirable B-2, General Commercial zoning designation, offering a wide range of development possibilities. The site features 171 feet of frontage on Cahoon Parkway, providing excellent visibility and accessibility. Its strategic location within the Grassfield section of Chesapeake places it in close proximity to key amenities and infrastructure. Neighboring properties include the Cahoon Plantation Golf Course, a Walmart Supercenter, other new retail developments, and a substantial 247-unit residential townhouse development, ensuring high traffic and a thriving commercial environment. The property benefits from convenient access to major transportation arteries, including Route 17, Dominion Boulevard, Cedar Road, and Interstate 64, facilitating seamless connectivity throughout the region. Utilities are readily available, with water, sewer, electrical, gas, and telephone services accessible to the site. This prime location and versatile zoning make this 1.26-acre parcel an ideal platform for a diverse range of commercial ventures, promising significant return on investment. The asking price for this exceptional property is $495,000. The zip code is 23322.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,674,339
    Hospitality
    $10,693,632
    Educational
    $8,896,976
    Medical
    $9,202,957
    Retail
    $13,839,741
1601 Cahoon Pkwy, Chesapeake, Virginia

Location Insight

City
Chesapeake
County
Chesapeake City
State
Virginia
Latitude
36.7177
Longitude
-76.3038
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$6,295
$599,500
-
$599,500
-
$599,500
-
$599,500

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