500 Cedar RdChesapeake, VA 23322

Property Details for 500 Cedar Rd

Year built

1754

Lot size

0.51 AC

Zone code

O-I: OFFICE & INSTITUTION

Property type

Land

Property subtype

Commercial land

APN

472009000020

APU

472009000020

Description

This exceptional retail and office development in Chesapeake, Virginia, presents a unique investment opportunity. Located at a signalized intersection on Cedar Road and Albemarle Drive, boasting over 26,000 vehicles per day, this property offers two buildings totaling 14,760 square feet. Building 1 comprises 8,400 square feet, while Building 2 offers 6,360 square feet. Flexible space is available, with minimum divisible units of 1,200 square feet and a maximum contiguous space of 8,400 square feet. The property features ample parking, providing 7.6 spaces per 1,000 square feet, ensuring convenient access for tenants and customers. Situated less than half a mile from the Chesapeake Municipal Center in the highly desirable Cedar Road corridor, this location benefits from a high population density, strong household incomes, and significant traffic volume. The existing site includes an ATM with drive-thru lanes, adding to its convenience and appeal. This new development offers a prime opportunity for businesses seeking high visibility and accessibility in a thriving commercial area. The property's strategic location and modern amenities make it an ideal choice for a variety of retail and office uses. Two suites are currently available. The zip code is 23322.

• Alternative Use

  Use

  Valuation

  Residential

  $4,754,852

  Hospitality

  $4,355,418

  Educational

  $3,623,657

  Medical

  $3,748,280

  Retail

  $5,636,800

Location Insight

City

Chesapeake

County

Chesapeake City

State

Virginia

Latitude

36.7137

Longitude

-76.2546

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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