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1161 N George Washington Hwy N 2,346 SF Retail Building Chesapeake, VA 23323 $767,756 CAD ($327.26 CAD/SF)
INVESTMENT HIGHLIGHTS
- High visibility on George Washington Highway
- Ample parking with 18 surface parking spaces
- Convenient access to both I-64 and I-464
- Located in an Opportunity Zone, which allows investors to receive tax benefits
EXECUTIVE SUMMARY
Freestanding former bank building with drive-thru situated in a strategic location providing high traffic exposure and easy access to I-64 and I-464. This property offers two access points on George Washington Highway and Canal Drive, and is in close proximity to neighborhoods, shopping centers, and key local amenities. The building is versatile and ideal for redevelopment. Chesapeake is a growing city with a diverse economy, offering new business growth opportunities.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
2,346 SF
Building Class
C
Year Built
1975
Price
$767,756 CAD
Price Per SF
$327.26 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.52 AC
Opportunity Zone
Yes
Zoning
B-1 - Neighborhood Business
Parking
18 Spaces (7.67 Spaces per 1,000 SF Leased)
Frontage
154’ on George Washington
AMENITIES
- Pylon Sign
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0251001000140 | Improvements Assessment | $330,584 CAD |
| Land Assessment | $576,064 CAD | Total Assessment | $906,648 CAD |
PROPERTY TAXES
Parcel Number
0251001000140
Land Assessment
$576,064 CAD
Improvements Assessment
$330,584 CAD
Total Assessment
$906,648 CAD
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1161 N George Washington Hwy N
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