3325 Taylor RdChesapeake, VA 23321

Property Details for 3325 Taylor Rd

Year built

1988

Lot size

5.91 AC

Property size (Sq ft)

39,371 SF

Zone code

B1: NEIGHBORHOOD BUSINESS

Property type

Retail properties

Property subtype

Strip malls

APN

90000001260

APU

90000001260

Description

Taylor Road Plaza presents a compelling investment opportunity in the thriving Chesapeake Square submarket of Chesapeake City. This neighborhood retail center boasts a total of 60,110 square feet, with two spaces currently available, totaling 1 square foot. Strategically located on Taylor Road, the property benefits from exceptional visibility and easy accessibility, further enhanced by its proximity to Interstate 664. This prime location serves the residential communities surrounding Churchland and the Chesapeake Square Mall, ensuring a consistent flow of potential customers. The center enjoys a strong tenant mix, including established businesses such as Spaghetti Eddie's, One Main Financial, and Century 21, providing a stable and attractive environment for new tenants. The property features 200 Amp 3-phase electrical service, catering to a variety of business needs. This is an exceptional opportunity to acquire a well-positioned retail space within a successful and established center, offering significant potential for growth and return on investment. The minimal vacant space presents a unique opportunity for immediate occupancy and revenue generation. The property's location and existing tenant base make it an ideal investment for both established businesses and new ventures seeking a strong foothold in the Chesapeake market. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $10,737,844

  6.5%

  $9,911,856

  7%

  $9,203,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,134,983

  Geo Method

  $16,569,884

• Alternative Use

  Use

  Valuation

  Residential

  $8,361,021

  Hospitality

  $7,658,650

  Educational

  $6,371,907

  Medical

  $6,591,047

  Retail

  $9,911,856

Location Insight

City

Chesapeake

County

Chesapeake City

State

Virginia

Latitude

36.8458

Longitude

-76.4255

CBSA code

47260

CBSA name

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

Property Tax & Assessments

FAQs

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