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1972 Shipyard rd 105 Acres of Commercial Land Offered at $6,251,400 CAD in Chesapeake, VA 23323
Investment Highlights
- ±105-acre residential development opportunity in Chesapeake’s Grassfield area.
- Chesapeake 2045 Plan designates the site for low-scale residential use; potential rezoning to R-8 zoning likely supported.
- Within minutes of Greenbrier retail, downtown Norfolk, Virginia Beach attractions, and major employment centers.
- Frontage on Shipyard Road with easy access to I-64, Route 17, and the broader Hampton Roads region.
- Utilities available: city water onsite; sewer connection within 700 feet of the site.
Executive Summary
According to the Chesapeake 2045 Comprehensive Plan, the property falls under a low-scale residential character district. Future development for single-family homes with a potential rezoning to R-8 (8,000 SF lots) would likely receive favorable consideration from city officials. Utilities include available city water and nearby sewer connection approximately 700 feet away at the entrance to Bryan’s Cove, a nearby townhouse community.
Surrounding amenities include boating and recreational opportunities, golf courses, and sought-after schools, enhancing the attraction for family-oriented residential development. The property represents a rare large-scale land assemblage in a high-demand market with demographic strength and long-term growth potential.
Property Facts
| Price | $6,251,400 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 105.00 AC |
| Price | $6,251,400 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 105.00 AC |
1 Lot Available
Lot
| Price | $6,251,400 CAD | Lot Size | 105.00 AC |
| Price Per AC | $59,537.14 CAD |
| Price | $6,251,400 CAD |
| Price Per AC | $59,537.14 CAD |
| Lot Size | 105.00 AC |
Parcel: 0340000001040 - 67.48 AC Parcel: 0340000001010 - 2.665 AC Parcel: 0340000001050 - 35 AC
Description
These three parcels are strategically positioned in the desirable Grassfield area of Chesapeake with frontage on Shipyard Rd. The Chesapeake 2045 Comprehensive Plan designates the use as low-scale residential character district. A single-family development with a rezoning to R-8 (8,000 SF lots) would likely be supported by city staff and elected officials. Shopping, boating, golfing, historical attractions, and a highly sought-after schools are all only a few minutes away. Greenbrier, downtown Norfolk, the Virginia Beach oceanfront, and Virginia Beach Town Center are all within a quick 30-minute drive.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $3,727,641 CAD | Total Assessment | $3,727,641 CAD |
Property Taxes
Presented by
1972 Shipyard rd
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