940-944 Canal Dr - Commercial LAND FOR SALE


Chesapeake, VA 23323- Deep Creek North40,511 SF
$450,000 USD
757-490-3300
940-944 Canal Dr, Chesapeake, VA for Sale
$450,000 USD
Commercial LAND - FOR SALE
1/5
40,511 SF

940-944 Canal Dr
Chesapeake, VA 23323
Deep Creek North


HIGHLIGHTS

  • Two-parcel assemblage totaling approximately 0.932 acres with B-2 General Business zoning.
  • Located along Canal Drive with convenient access to South Military Highway and major interstates.
  • Existing improvements include two structures totaling ±2,840 square feet.
  • Excellent visibility and access along Canal Drive near South Military Highway.
  • Offered at $450,000, providing an attractive entry point for redevelopment or investment.
  • Close proximity to Norfolk, Portsmouth, and key Hampton Roads transportation routes.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/ACRE

$483,871/AC

PRICE/SF

$11 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

0.93 AC

LAND SF

40,511 SF

OFFSITE IMPROVEMENTS

-

ZONING

B-2

APN/PARCEL ID

0254006000100,0254006000110

ASK ABOUT THIS PROPERTY

William DickinsonColliers | VirginiaMore Info
757-490-3300

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William DickinsonColliers | VirginiaMore Info
757-490-3300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.