841 Kempsville Road

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841 Kempsville Road

Chesapeake, VA 23320
Asking Price
$900K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel available for acquisition in Chesapeake
  • Total site area encompasses 1.4 acres of developable space
  • Asset located less than two miles from the Chesapeake Expressway
  • Proximity to Interstate 64 supports efficient regional connectivity
  • Surrounding area features strong demographics for commercial development
  • Asking price for the commercial land is 900,000 dollars

What's Special

This commercial land acquisition at 841 Kempsville Road in Chesapeake, Virginia, presents a strategic site for developers and investors seeking a foothold in a growing regional market. Spanning 1.4 acres, the parcel provides a versatile foundation for various commercial use cases requiring accessible suburban positioning. Chesapeake maintains a robust local economy characterized by steady population growth and proximity to the broader Hampton Roads metropolitan area, making it a functional choice for new business development. The property benefits from notable connectivity, situated less than two miles from the Chesapeake Expressway and three miles from Interstate 64. These transport arteries facilitate regional logistics and commuter access to the surrounding submarket. With strong local demographics, the site is well-positioned for operations that rely on consistent visibility and efficient transit links. The tract offers a practical blank slate for those looking to expand their portfolio or establish a footprint in this active corridor.

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NOI
$80,000
Cap Rate
8.89%
DSCR
1.50
Strong
Cash-on-Cash
9.84%
Monthly Payment
$4,452.709
Annual Cash Flow
$26,567.493

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