1960 Diamond Hill RdChesapeake, VA 23324

  • Industrial properties
  • 266,400 SF
For Lease

Property Details for 1960 Diamond Hill Rd

Year built
1974
Lot size
12.10 AC
Property size (Sq ft)
266,400 SF
Zone code
MULTI: MULTIPLE ZONING
Property type
Industrial properties
Property subtype
Other warehouses
APN
1540000000060
APU
1540000000060

Description

This Class A industrial property, located at 1960 Diamond Hill Rd, offers 200,210 square feet of versatile space ideal for manufacturing, warehousing, distribution, or R&D. The building boasts a 27-foot ceiling height, 15 loading docks (including 12 dock-high doors and 3 drive-ins), and ample space for trailer storage. The property features approximately 5,577 square feet of office space and benefits from rail potential via a private Norfolk Southern spur. An ESFR sprinkler system (currently dry) is available. Column spacing is approximately 41'6" x 36'3". The building is equipped with 3-phase electrical power. Zoned M-2 (Heavy Industrial), this location provides easy access to major interstates (I-64, I-264, I-464, I-664, US-13, US-58, US-460), offering amongst the lowest drayage rates in the region. Additional advantages include Foreign Trade Zone and ICE Coffee Future eligibility. This institutionally owned property presents a prime opportunity within the central Hampton Roads "Inside the Beltway" location. The total building size is 267,010 square feet, with a minimum divisible space of 200,210 square feet. The maximum contiguous space available is also 200,210 square feet.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $56,574,028
    Hospitality
    $51,821,504
    Educational
    $43,114,884
    Medical
    $44,597,672
    Retail
    $67,067,596
1960 Diamond Hill Rd, Chesapeake, Virginia

Location Insight

City
Chesapeake
County
Chesapeake City
State
Virginia
Latitude
36.7919
Longitude
-76.2656
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
$128,856
$1,210,400
$15,297,000
$16,507,400
-
$1,210,400
$15,297,000
$16,507,400

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