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1048 N George Washington Hwy N

1,496 SF Retail Building Chesapeake, VA 23323 $150,000 ($100/SF)

Investment Highlights

  • adjacent to a busy intersection
  • large paved parking area
  • borders a large vacant lot, also for sale

Executive Summary

The bordering lot 2800 Camelot Blvd is also for sale.
The building has been used most recently as a barber shop. Property to be sold AS-IS.
Approximately 4,250 sq ft of paved parking lot. Power recently turned off per seller decision. Opportune location, busy intersection of Camelot and George Washington Hwy. Neighboring vacant lot on corner is also for sale (see 2800 Camelot MLS 10472647 )
Located adjacent to the intersection of George Washington HWY and Camelot Blvd. Approximately 1500 sq ft, one-level commercial building complete with reception/waiting area, three office/service rooms, and storage closet provides ample opportunity to conduct a small business. Most recently utilized as a barber shop. 4,250 sq ft of paved parking space. 12,458 sq ft lot. To be sold as-is.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,496 SF
Building Class
C
Year Built
1940
Price
$150,000
Price Per SF
$100
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.29 AC
Zoning
B1 - This district is intended to provide for low-intensity retail and personal service uses that serve the needs of relatively small land areas.
Parking
8 Spaces (5.35 Spaces per 1,000 SF Leased)
Frontage
99 FT on George Washington Highway

Nearby Major Retailers

Atlantic Union Bank
Food Lion

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0252001000010
Land Assessment
$120,100
Improvements Assessment
$50,700
Total Assessment
$170,800
  • Listing ID: 33993359

  • Date on Market: 8/14/2023

  • Last Updated:

  • Address: 1048 N George Washington Hwy N, Chesapeake, VA 23323

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