625 Independence Chesapeake, VA ^$ 2,990,000

625 Independence

^$ 2,990,000

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625 Independence

Chesapeake, VA, 23320

^$ 2,990,000

Bedrooms-- Baths0.0 Sq 7,700

Monthly Estimate*

^$ 18,654

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Commercial Property for sale in Chesapeake, VA

for $2,990,000. This 7,700 square foot building was built in 2017 on a lot size of 2.35 Acre(s).

Excellent opportunity in a "Top Shelf" venues property. Almost new structure with impressive aesthetics, great flow throughout the building, options for full building events or single side events. Weddings, banquets, conferences, networking /fundraising events. One side seats up to 250 guests, with hardwood flooring, airlift stage, more. Second side fits as many as 150 guests. Layout allows for events in large foyer, and allows fluid movements between or "as part" of same event throughout the building. Also featured are outdoor areas for receptions, outdoor weddings, etc. Current lease is paying $14, 000 mo plus NNN; resulting in excellent NOI for an owner. Conveniently located near I-64, and the Greenbrier area, which Wall Street Journal once dubbed as the "Hub of Hampton Roads"~

Commercial Active

Price

^$ 2,990,000

Property Type

Commercial

Taxes

^$ 21,618

Style

Other / Unknown

Lot Size

2.35 Acre(s)

Year Built

2017

Town/City

Chesapeake

County/Region

Chesapeake City

MLS | Web ID

10447214

Features

Interior

Building Amenities Storage

Flooring Hardwood Floors Tile Flooring

Heating System Electric

Sewer City Sewer

Water Source City Water

Exterior

Construction Concrete

Exterior Landscaped

Foundation Slab

Parking 100+ Parking Spaces

Roof Other

Siding Brick

Miscellaneous

Accessibility Accessibility Features Bath Features/Modifications No Step Entry Single Level Living

Commercial Kitchenette Restroom(s) Sprinkler System

Location Business District

Utilities 440 Volts Electric

* Excluded Features

List By

Jimmy Reece

Listing Agent

The Real Estate Group

Broker

Gary@TREGstaff.com

Affordability Calculator

$20,455

Per Month

Monthly Principal & Interest: $18,654
Monthly Property Taxes: $1,802
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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

Commerical listings in Chesapeake, VA

Average List Price ^$799,324

Percent of Sale Price 73%

About Chesapeake, VA

244,523 Population

23% Since 2002

^$70,156 Median Income

38.59 Median Age

33% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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625 Independence , Chesapeake, VA, 23320 is a Commercial Property for sale at $2,990,000 with 7,700 sqft and a lot size of 2.35 Acre(s). 625 Independence has 0.0 baths and was built in 2017. The property's zip code is 23320 which is in Chesapeake, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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.

©2023 REIN. REIN's listings Data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of Data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW.

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 3/21/2023.

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625 Independence

Commercial Property for sale in Chesapeake, VA

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