3980 S Military H HWY Chesapeake, VA ^$ 350,000

3980 S Military H HWY

^$ 350,000

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3980 S Military H HWY

Chesapeake, VA, 23321

^$ 350,000

Studio Baths0.0 Sq 9,040

Monthly Estimate*

^$ 2,445

3980 S Military H HWY, Chesapeake, VA 23321 - Image 1

3980 S Military H HWY, Chesapeake, VA 23321 - Image 2

Studio

Commercial Property for sale in Chesapeake, VA

for $350,000. This 9,040 square foot building was built in 1953 on a lot size of 5.462.

Property was originally a motel (9,744) Sq. Feet per City Records. After sub-dividing, the property will be approximately 2.462 acres. Parcel has a garage/storage, and an artesian well. The motel was used for Home for the elderly. Possible uses would be offices, group home, etc. Any use would be subject to the Cities approval. The motel has been partially renovated. Electrical updated, newer windows, bathrooms installed with ceramic title, etc. This is a great location within minutes to I-64 and I-664. Contingent on Judge approving sale of property because the church owns it. Trustees have already agreed to sale so should not be any problem.

Commercial Contingent

Price

^$ 350,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 11,468

Style

Commercial/Industrial

Lot Size

5.462

Year Built

1953

Town/City

Chesapeake

County/Region

Chesapeake City

MLS | Web ID

10182762

Features

General

Construction Other

Cooling Other

Utilities City Water Gas Avail Sewer Avail

Ownership Type Simple

Features Other

Roof Asphalt Shingle

Parking Garage Garage Det 1 Car Addl Parking

Zoning B3

Property Type Commercial/Industrial

Area 32 - South Chesapeake

Subdivision Name DEEP CREEK - 030

Location Major Arteries Other

Contingencies Court Approval Third Party Approval

Sub Type Purchase

New Construction Y/N 0

Exterior

Siding Brick

Foundation Slab

Garage Y/N 1

* Excluded Features

List By

Keffer Realty

Broker

Affordability Calculator

$3,401

Per Month

Monthly Principal & Interest: $2,445
Monthly Property Taxes: $956
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chesapeake, VA

Average List Price ^$623,084

Percent of Sale Price 78%

About Chesapeake, VA

244,523 Population

23% Since 2002

^$70,156 Median Income

38.59 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

239339 Elementary School

239621 Middle School

Unknown High School High School

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3980 S Military H HWY, Chesapeake, VA, 23321 is a Commercial Property for sale at $350,000 with 9,040 sqft and a lot size of 5.462. 3980 S Military H HWY is a studio with 0.0 baths and was built in 1953. The property's zip code is 23321 which is in Chesapeake, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.

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Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions. This application does not include information on all of the properties available for sale at this time. REIN updates its listings on a daily basis. Data last updated 4/25/2024.

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3980 S Military H HWY

Commercial Property for sale in Chesapeake, VA

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