Colliers is pleased to present a redevelopment opportunity at 940-944 Canal Drive in Chesapeake, Virginia. This property spans approximately 0.932 acres across two adjacent parcels and is currently improved with structures totaling ±2,840 square feet. Zoned B-2 (General Business), the site offers flexibility for a variety of commercial uses, making it an attractive option for developers and investors seeking to capitalize on the area’s growth. The property is strategically located along Canal Drive, just off South Military Highway, providing excellent visibility and accessibility to major transportation routes. The surrounding area features a mix of residential neighborhoods and commercial establishments, creating strong demand for retail, service, and mixed-use development. With a sale price of $450,000, this site represents a cost-effective entry point for redevelopment in a well-connected corridor. The existing improvements include two structures measuring approximately 1,120 square feet and 1,720 square feet, respectively. The parcels can be redeveloped for a single-user facility or multiple tenants, offering flexibility for future planning.