1225 Cedar RdChesapeake, VA 23322

Property Details for 1225 Cedar Rd

Year built

1999

Lot size

0.88 AC

Property size (Sq ft)

4,807 SF

Zone code

B2: GENERAL BUSINESS

Property type

Retail properties

Property subtype

Turn key restaurants

APN

460000001430

APU

460000001430

Description

This exceptional freestanding retail property, located at 1225 Cedar Road in Chesapeake, Virginia, offers ±1,411 square feet of vacant space within a total building area of 4,639 square feet. The property is ideally situated in the heart of the Great Bridge/Cedar Road corridor, benefiting from excellent visibility and accessibility. The strategic location provides easy access via the new Veterans Memorial Bridge, connecting to major roadways including I-64, I-464, and the Chesapeake Expressway. Monument signage is available, enhancing visibility and brand recognition. Cedar Road boasts a high volume of traffic, exceeding 32,244,000 vehicles per day, ensuring significant exposure to potential customers. The property's proximity to Tidewater Community College and Chesapeake Municipal facilities further enhances its appeal. This location is supported by strong demographics, including high residential growth projections, high household income and median home values, and a substantial daytime population. The single-tenant occupancy provides flexibility and control for the new tenant. This property presents a unique opportunity for businesses seeking a high-traffic, easily accessible location in a thriving Chesapeake community. The zip code is 23322.

• CAP approach

  CAP return

  Valuation

  6%

  $1,311,036

  6.5%

  $1,210,188

  7%

  $1,123,746

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,359,525

  Geo Method

  $2,023,099

• Alternative Use

  Use

  Valuation

  Residential

  $1,020,838

  Hospitality

  $935,082

  Educational

  $777,978

  Medical

  $804,734

  Retail

  $1,210,188

Location Insight

City

Chesapeake

County

Chesapeake City

State

Virginia

Latitude

36.7157

Longitude

-76.2832

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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