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961 Michael Dr
Chesapeake, VA 23323
Industrial Property For Sale

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INVESTMENT HIGHLIGHTS

  • MagLocks and Security Cameras Throughout Property
  • Automatic Gate to Fenced Stabilized Yard
  • Exhaust Fans and Skylights in Warehouse
  • 4,000 Gallon Diesel Above Ground Tank
  • Oil Heat in Warehouse; Oil and Waste Oil Tanks connected to Warehouse with Oil Change Pit
  • Air Compressor Lines throughout Warehouse

EXECUTIVE SUMMARY

Situated on 2.3 acres, the site features a fully fenced and stabilized yard equipped with drainage, lighting, and an automatic security gate, offering both security and operational efficiency. An additional 2.3-acre stabilized yard provides direct access to the Southern Branch of the Elizabeth River, with 338 feet of frontage—making it ideal for marine-related industrial use or logistics operations requiring waterway connectivity.
The warehouse boasts six oversized 16’ x 16’ drive-in overhead doors, 26’ to 31’ clear ceiling heights, and a robust 10-ton overhead crane system. Air compressor lines run throughout the space, complemented by an oil change pit, exhaust fans, skylights for natural lighting, and oil heat for year-round functionality. The facility is further enhanced with oil and waste oil tanks connected directly to the warehouse, ensuring environmental compliance and operational efficiency.

PROPERTY FACTS

Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Auto Repair
  • Industrial Truck Terminal
  • Industrial Service
Building Class A
Lot Size 8.29 AC
Rentable Building Area 19,600 SF
No. Stories 1
Year Built 2022
Tenancy Single
Parking Ratio 1.84/1,000 SF
Clear Ceiling Height 26’
No. Drive In / Grade-Level Doors 6
Opportunity Zone Yes
Zoning M2 - General Industrial

AMENITIES

  • Fenced Lot
  • Security System
  • Waterfront

UTILITIES

  • Lighting
  • Gas - Propane
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0254005000355
Land Assessment
$1,519,866 CAD
Improvements Assessment
$4,271,576 CAD
Total Assessment
$5,791,442 CAD
  • Listing ID: 35920453

  • Date on Market: 2025-05-20

  • Last Updated:

  • Address: 961 Michael Dr, Chesapeake, VA 23323

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