1972 Shipyard Rd

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1972 Shipyard Rd

Chesapeake, VA 23323
Asking Price
$4.50M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel totaling 105 acres for sale
  • Located at 1972 Shipyard Road in Chesapeake, Virginia
  • Offered for acquisition at a price of 4,500,000 dollars
  • Large-scale site suitable for various commercial development projects
  • Strategically positioned within the Hampton Roads metropolitan economic region

What's Special

This commercial land spans 105 acres in Chesapeake, Virginia. The property provides a significant footprint for development in a region known for its robust industrial activity and proximity to major maritime infrastructure. Positioned within the Hampton Roads metropolitan area, the site benefits from the broader economic strength of the southeastern Virginia corridor, which features strong connectivity to regional transit networks and logistics hubs. Potential use cases for this acreage include large-scale commercial facilities, distribution centers, or industrial business parks that require substantial land area to support complex operational requirements. The scale of this parcel allows for phased development or customized build-to-suit projects aligned with current market demands. Investors and developers will find this site positioned to serve the expanding economic base of the city and its surrounding municipalities.

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NOI
$80,000
Cap Rate
1.78%
DSCR
0.30
Underwater
Cash-on-Cash
-13.86%
Monthly Payment
$22,263.545
Annual Cash Flow
$-187,162.537

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