157 Hillcrest PkwyChesapeake, VA 23322

Property Details for 157 Hillcrest Pkwy

Year built

2005

Lot size

12.20 AC

Property size (Sq ft)

110,805 SF

Zone code

PUD: PLANNED UNIT DEVELOP

Property type

Retail properties

Property subtype

Outlet malls

APN

730000001702

APU

730000001702

Description

This exceptional 10.6-acre commercial land parcel presents a unique investment opportunity in the thriving southern Chesapeake, Virginia market. Strategically located adjacent to a Home Depot, this property boasts unparalleled visibility and accessibility, fronting along South Battlefield Boulevard. The site is zoned PUD, offering flexibility for a wide range of commercial development projects. With its prime location and high traffic count, this land is ideally suited for businesses seeking maximum exposure and convenient access for customers. The asking price is $2,500,000. The property's address is 157 Hillcrest Pkwy, Chesapeake, VA 23322. Its geographical coordinates are latitude 36.65655618884377 and longitude -76.22547172072315. This is a rare opportunity to acquire a significant commercial land holding in a rapidly growing area. The property's proximity to major retail anchors and established businesses makes it an attractive proposition for developers and investors alike. Serious inquiries are encouraged. The seller is offering the property "as is". All interested parties are responsible for conducting their own due diligence.

• CAP approach

  CAP return

  Valuation

  6%

  $30,220,384

  6.5%

  $27,895,740

  7%

  $25,903,186

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,338,084

  Geo Method

  $46,633,968

• Alternative Use

  Use

  Valuation

  Residential

  $23,531,100

  Hospitality

  $21,554,362

  Educational

  $17,932,976

  Medical

  $18,549,718

  Retail

  $27,895,740

Location Insight

City

Chesapeake

County

Chesapeake City

State

Virginia

Latitude

36.6557

Longitude

-76.2268

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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