940-944 Canal Dr Lot • Terrain commercial • 0,93 Acres • 626 080 $ CAD • Chesapeake, VA 23323

This property presents a unique redevelopment opportunity in Chesapeake, Virginia, with nearly one acre of land zoned B-2 for General Business use. The site consists of two parcels totaling approximately 0.932 acres, currently improved with two structures offering a combined ±2,840 square feet. Its location along Canal Drive provides direct access to South Military Highway, a major commercial corridor that connects to key regional routes, including I-64 and I-464, ensuring strong connectivity to Norfolk, Portsmouth, and the greater Hampton Roads area.
The property’s B-2 zoning allows for a wide range of commercial uses, making it suitable for retail, office, or mixed-use development. With a sale price of $450,000, this site offers investors and developers the flexibility to reposition the existing improvements or pursue a ground-up redevelopment project. The surrounding area features a mix of residential neighborhoods and commercial businesses, creating a built-in customer base and workforce population.