2324 Chesapeake Square Ring Rd 11,414 SF Retail Building Chesapeake, VA 23321 $3,046,032 CAD ($266.87 CAD/SF)

Located within the Chesapeake Square retail corridor in Chesapeake, Virginia, 2324 Chesapeake Square Mall Ring Road presents an opportunity to acquire a former restaurant property positioned within one of the area's established retail concentrations. The property is situated adjacent to major national retailers and shopping destinations, creating consistent consumer activity and visibility throughout the surrounding trade area. Chesapeake Square Mall remains a key anchor for the submarket, with redevelopment activity underway that includes the planned addition of a Publix grocery store and approximately $20 million in improvements to portions of the mall property.
The site benefits from direct access to the mall ring road, monument signage, and convenient connectivity to Interstate 664, providing efficient access throughout Hampton Roads. The surrounding corridor includes Target, Walmart, Sam’s Club, BJ’s Wholesale Club, Aldi, Lidl, Home Depot, and numerous restaurants, supporting a diverse retail environment and broad consumer draw. Recent residential development activity throughout the Portsmouth Boulevard corridor has added new housing inventory and expanded the area's customer base, while major employers, including Amazon facilities with more than 3,000 employees, contribute to regional workforce demand.
Constructed in 1997 on approximately 2.689 acres and zoned B-2, the property offers flexibility for a variety of retail, restaurant, service, or redevelopment-oriented uses. The combination of established retail synergies, ongoing investment in the immediate trade area, strong transportation access, and continued residential and employment growth positions the asset as an opportunity for investors, owner-users, or operators seeking a location within a prominent Chesapeake commercial corridor.