516 Innovation DrChesapeake, VA 23320

  • Other commercial real estate
  • 2,825 SF
For Sale
$1,195,000 View listing

Property Details for 516 Innovation Dr

Year built
2013
Lot size
0.06 AC
Property size (Sq ft)
2,825 SF
Zone code
PUD: PLANNED UNIT DEVELOP
Property type
Other commercial real estate
APN
482017000026
APU
482017000026

Description

This exceptional 4,057-square-foot medical office building is available for lease in the Battlefield submarket of Chesapeake, Virginia. Located at 516 Innovation Drive, zip code 23320, this single-tenant property presents a unique opportunity for medical professionals seeking a modern and efficient workspace. The entire building is currently vacant, offering immediate occupancy for a new tenant. The property's size makes it ideal for a variety of medical practices, providing ample space for examination rooms, administrative offices, and support areas. Its location in the Battlefield submarket offers convenient access to major roadways, ensuring easy commutes for both staff and patients. The property is situated at 36.735841 latitude and -76.2200571 longitude. This is a single-tenant building, providing privacy and control over the entire space. The property type is classified as an office building with a medical office subtype. Interested parties are encouraged to inquire further to explore the possibilities of establishing their practice in this prime Chesapeake location. The building's total square footage is 4,057 square feet, all of which is currently vacant and ready for immediate lease. This presents a rare opportunity to secure a fully functional, ready-to-occupy medical office space in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $599,931
    Hospitality
    $549,534
    Educational
    $457,206
    Medical
    $472,930
    Retail
    $711,209
516 Innovation Dr, Chesapeake, Virginia

Location Insight

City
Chesapeake
County
Chesapeake City
State
Virginia
Latitude
36.7358
Longitude
-76.2198
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
$4,595
$50,300
$548,400
$598,700
-
$50,300
$548,400
$598,700

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