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4.34 acres available on S. Military Highway and Campostella Road. Zoned B-1 (Neighborhood Business District) and R-8S (Residential District). Traffic counts on S. Military Highway between I-464 and Campostella Road: 23,000 AADT (VDOT 2015). Conveniently located near I-464 and Battlefield Boulevard. Sewer, water, and electric are available at the site. 4.34 ACRE COMMERCIAL LOT 2288 S. MILITARY HIGHWAY CHESAPEAKE, VA 23320 FOR SALE S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Sales Price: $850,000 FOR MORE INFORMATION, PLEASE CONTACT: Ashley Bussey 757.640.2217 (direct) | 757.675.4207 (mobile) [email protected] Stephanie Sanker, CCIM, SIOR 757.640.2290 (direct) | 757.679.1065 (mobile) [email protected]

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Page 1: 941 CORPORATE LANE - LoopNetimages3.loopnet.com/d2/VYDcpN_j3prtO3GGFaa1aL0Mjau0... · 2017-03-24 · 757.640.2217 (direct) | 757.675.4207 (mobile) abussey@slnusbaum.com Stephanie

4.34 acres available on S. Military Highway and Campostella Road.

Zoned B-1 (Neighborhood Business District) and R-8S (Residential District).

Traffic counts on S. Military Highway between I-464 and Campostella Road: 23,000 AADT (VDOT 2015).

Conveniently located near I-464 and Battlefield Boulevard.

Sewer, water, and electric are available at the site.

4.34 ACRE COMMERCIAL LOT 2288 S. MILITARY HIGHWAY CHESAPEAKE, VA 23320

FOR SALE

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Sales Price: $850,000

FOR MORE INFORMATION, PLEASE CONTACT: Ashley Bussey 757.640.2217 (direct) | 757.675.4207 (mobile) [email protected]

Stephanie Sanker, CCIM, SIOR 757.640.2290 (direct) | 757.679.1065 (mobile) [email protected]

Page 2: 941 CORPORATE LANE - LoopNetimages3.loopnet.com/d2/VYDcpN_j3prtO3GGFaa1aL0Mjau0... · 2017-03-24 · 757.640.2217 (direct) | 757.675.4207 (mobile) abussey@slnusbaum.com Stephanie

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR MORE INFORMATION, PLEASE CONTACT: Ashley Bussey 757.640.2217 (direct) | 757.675.4207 (mobile) [email protected]

Stephanie Sanker, CCIM, SIOR 757.640.2290 (direct) | 757.679.1065 (mobile) [email protected]

2288 S. Military Highway Parcel ID 0270000000050

2280 S. Military Highway Parcel ID 0270000000060

2272 S. Military Highway Parcel ID 0270000000070

Page 3: 941 CORPORATE LANE - LoopNetimages3.loopnet.com/d2/VYDcpN_j3prtO3GGFaa1aL0Mjau0... · 2017-03-24 · 757.640.2217 (direct) | 757.675.4207 (mobile) abussey@slnusbaum.com Stephanie

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR MORE INFORMATION, PLEASE CONTACT: Ashley Bussey 757.640.2217 (direct) | 757.675.4207 (mobile) [email protected]

Stephanie Sanker, CCIM, SIOR 757.640.2290 (direct) | 757.679.1065 (mobile) [email protected]

Retail Center Coming Soon!

Page 4: 941 CORPORATE LANE - LoopNetimages3.loopnet.com/d2/VYDcpN_j3prtO3GGFaa1aL0Mjau0... · 2017-03-24 · 757.640.2217 (direct) | 757.675.4207 (mobile) abussey@slnusbaum.com Stephanie

Site Map2288 S Military Hwy, Chesapeake, Virginia, 23320 2 Prepared by S.L. Nusbaum Realty Co.2288 S Military Hwy, Chesapeake, Virginia, 23320 Latitude: 36.77617Rings: 1, 3, 5 mile radii Longitude: -76.27094

May 09, 2016

©2015 Esri Page 1 of 1

Page 5: 941 CORPORATE LANE - LoopNetimages3.loopnet.com/d2/VYDcpN_j3prtO3GGFaa1aL0Mjau0... · 2017-03-24 · 757.640.2217 (direct) | 757.675.4207 (mobile) abussey@slnusbaum.com Stephanie

Demographic and Income Profile2288 S Military Hwy, Chesapeake, Virginia, 23320 2 Prepared by S.L. Nusbaum Realty Co.2288 S Military Hwy, Chesapeake, Virginia, 23320 Latitude: 36.77617Ring: 1 mile radius Longitude: -76.27094

Summary Census 2010 2015 2020Population 8,946 9,147 9,474Households 3,465 3,549 3,680Families 2,397 2,448 2,536Average Household Size 2.58 2.58 2.57Owner Occupied Housing Units 2,210 2,150 2,219Renter Occupied Housing Units 1,255 1,399 1,460Median Age 33.8 34.6 36.0

Trends: 2015 - 2020 Annual Rate Area State NationalPopulation 0.70% 0.99% 0.75%Households 0.73% 1.00% 0.77%Families 0.71% 0.92% 0.69%Owner HHs 0.63% 0.95% 0.70%Median Household Income 2.41% 2.91% 2.66%

2015 2020 Households by Income Number Percent Number Percent

<$15,000 330 9.3% 332 9.0%$15,000 - $24,999 415 11.7% 353 9.6%$25,000 - $34,999 547 15.4% 432 11.7%$35,000 - $49,999 755 21.3% 771 21.0%$50,000 - $74,999 664 18.7% 755 20.5%$75,000 - $99,999 459 12.9% 578 15.7%$100,000 - $149,999 286 8.1% 338 9.2%$150,000 - $199,999 60 1.7% 75 2.0%$200,000+ 35 1.0% 45 1.2%

Median Household Income $43,229 $48,687Average Household Income $54,932 $61,299Per Capita Income $21,043 $23,518

Census 2010 2015 2020 Population by Age Number Percent Number Percent Number Percent

0 - 4 739 8.3% 698 7.6% 704 7.4%5 - 9 612 6.8% 718 7.8% 700 7.4%10 - 14 601 6.7% 588 6.4% 734 7.7%15 - 19 575 6.4% 533 5.8% 551 5.8%20 - 24 651 7.3% 543 5.9% 488 5.2%25 - 34 1,455 16.3% 1,564 17.1% 1,398 14.8%35 - 44 1,098 12.3% 1,189 13.0% 1,450 15.3%45 - 54 1,304 14.6% 1,163 12.7% 1,032 10.9%55 - 64 887 9.9% 1,031 11.3% 1,182 12.5%65 - 74 573 6.4% 659 7.2% 736 7.8%75 - 84 337 3.8% 339 3.7% 374 3.9%

85+ 114 1.3% 122 1.3% 126 1.3%Census 2010 2015 2020

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 4,354 48.7% 4,366 47.7% 4,407 46.5%Black Alone 3,922 43.8% 3,935 43.0% 4,000 42.2%American Indian Alone 43 0.5% 43 0.5% 42 0.4%Asian Alone 139 1.6% 172 1.9% 210 2.2%Pacific Islander Alone 12 0.1% 18 0.2% 24 0.3%Some Other Race Alone 216 2.4% 283 3.1% 372 3.9%Two or More Races 261 2.9% 331 3.6% 421 4.4%

Hispanic Origin (Any Race) 562 6.3% 727 7.9% 952 10.0%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020.

May 09, 2016

©2015 Esri Page 1 of 6

Page 6: 941 CORPORATE LANE - LoopNetimages3.loopnet.com/d2/VYDcpN_j3prtO3GGFaa1aL0Mjau0... · 2017-03-24 · 757.640.2217 (direct) | 757.675.4207 (mobile) abussey@slnusbaum.com Stephanie

Demographic and Income Profile2288 S Military Hwy, Chesapeake, Virginia, 23320 2 Prepared by S.L. Nusbaum Realty Co.2288 S Military Hwy, Chesapeake, Virginia, 23320 Latitude: 36.77617Ring: 1 mile radius Longitude: -76.27094

AreaStateUSA

Trends 2015-2020Trends 2015-2020

Ann

ual R

ate

(in

perc

ent) 2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

20152020

Population by AgePopulation by Age

Perc

ent

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2015 Household Income 2015 Household Income

<$15K9.3%

$15K - $24K11.7%

$25K - $34K15.4%

$35K - $49K21.3%

$50K - $74K18.7%

$75K - $99K12.9%

$100K - $149K8.1%

$150K - $199K1.7%

$200K+1.0%

2015 Population by Race2015 Population by Race

Perc

ent

45

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+

2015 Percent Hispanic Origin: 7.9%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020.

May 09, 2016

©2015 Esri Page 2 of 6

Page 7: 941 CORPORATE LANE - LoopNetimages3.loopnet.com/d2/VYDcpN_j3prtO3GGFaa1aL0Mjau0... · 2017-03-24 · 757.640.2217 (direct) | 757.675.4207 (mobile) abussey@slnusbaum.com Stephanie

Demographic and Income Profile2288 S Military Hwy, Chesapeake, Virginia, 23320 2 Prepared by S.L. Nusbaum Realty Co.2288 S Military Hwy, Chesapeake, Virginia, 23320 Latitude: 36.77617Ring: 3 mile radius Longitude: -76.27094

Summary Census 2010 2015 2020Population 60,130 63,275 67,187Households 23,800 25,213 26,912Families 15,779 16,551 17,551Average Household Size 2.51 2.49 2.48Owner Occupied Housing Units 13,987 14,012 14,820Renter Occupied Housing Units 9,813 11,200 12,092Median Age 34.4 35.3 36.4

Trends: 2015 - 2020 Annual Rate Area State NationalPopulation 1.21% 0.99% 0.75%Households 1.31% 1.00% 0.77%Families 1.18% 0.92% 0.69%Owner HHs 1.13% 0.95% 0.70%Median Household Income 1.78% 2.91% 2.66%

2015 2020 Households by Income Number Percent Number Percent

<$15,000 3,041 12.1% 3,086 11.5%$15,000 - $24,999 2,331 9.2% 2,043 7.6%$25,000 - $34,999 3,203 12.7% 2,658 9.9%$35,000 - $49,999 4,048 16.1% 4,057 15.1%$50,000 - $74,999 5,562 22.1% 6,207 23.1%$75,000 - $99,999 3,056 12.1% 3,996 14.8%$100,000 - $149,999 2,875 11.4% 3,485 12.9%$150,000 - $199,999 677 2.7% 849 3.2%$200,000+ 420 1.7% 532 2.0%

Median Household Income $49,916 $54,514Average Household Income $61,067 $67,934Per Capita Income $24,049 $26,867

Census 2010 2015 2020 Population by Age Number Percent Number Percent Number Percent

0 - 4 4,745 7.9% 4,592 7.3% 4,760 7.1%5 - 9 4,048 6.7% 4,627 7.3% 4,574 6.8%10 - 14 3,811 6.3% 3,949 6.2% 4,668 6.9%15 - 19 3,896 6.5% 3,557 5.6% 3,775 5.6%20 - 24 4,542 7.6% 4,181 6.6% 3,850 5.7%25 - 34 9,527 15.8% 10,479 16.6% 10,474 15.6%35 - 44 7,650 12.7% 8,041 12.7% 9,382 14.0%45 - 54 8,716 14.5% 8,095 12.8% 7,570 11.3%55 - 64 6,243 10.4% 7,481 11.8% 8,262 12.3%65 - 74 3,850 6.4% 4,712 7.4% 5,662 8.4%75 - 84 2,211 3.7% 2,532 4.0% 3,045 4.5%

85+ 892 1.5% 1,029 1.6% 1,164 1.7%Census 2010 2015 2020

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 27,508 45.7% 28,586 45.2% 29,655 44.1%Black Alone 27,565 45.8% 28,187 44.5% 29,187 43.4%American Indian Alone 272 0.5% 273 0.4% 279 0.4%Asian Alone 1,575 2.6% 2,017 3.2% 2,545 3.8%Pacific Islander Alone 38 0.1% 55 0.1% 73 0.1%Some Other Race Alone 1,166 1.9% 1,538 2.4% 2,025 3.0%Two or More Races 2,006 3.3% 2,619 4.1% 3,421 5.1%

Hispanic Origin (Any Race) 3,322 5.5% 4,426 7.0% 5,916 8.8%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020.

May 09, 2016

©2015 Esri Page 3 of 6

Page 8: 941 CORPORATE LANE - LoopNetimages3.loopnet.com/d2/VYDcpN_j3prtO3GGFaa1aL0Mjau0... · 2017-03-24 · 757.640.2217 (direct) | 757.675.4207 (mobile) abussey@slnusbaum.com Stephanie

Demographic and Income Profile2288 S Military Hwy, Chesapeake, Virginia, 23320 2 Prepared by S.L. Nusbaum Realty Co.2288 S Military Hwy, Chesapeake, Virginia, 23320 Latitude: 36.77617Ring: 3 mile radius Longitude: -76.27094

AreaStateUSA

Trends 2015-2020Trends 2015-2020

Ann

ual R

ate

(in

perc

ent) 2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

20152020

Population by AgePopulation by Age

Perc

ent

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2015 Household Income 2015 Household Income

<$15K12.1%

$15K - $24K9.2%

$25K - $34K12.7%

$35K - $49K16.1%

$50K - $74K22.1%

$75K - $99K12.1%

$100K - $149K11.4%

$150K - $199K2.7%

$200K+1.7%

2015 Population by Race2015 Population by Race

Perc

ent

45

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+

2015 Percent Hispanic Origin: 7.0%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020.

May 09, 2016

©2015 Esri Page 4 of 6

Page 9: 941 CORPORATE LANE - LoopNetimages3.loopnet.com/d2/VYDcpN_j3prtO3GGFaa1aL0Mjau0... · 2017-03-24 · 757.640.2217 (direct) | 757.675.4207 (mobile) abussey@slnusbaum.com Stephanie

Demographic and Income Profile2288 S Military Hwy, Chesapeake, Virginia, 23320 2 Prepared by S.L. Nusbaum Realty Co.2288 S Military Hwy, Chesapeake, Virginia, 23320 Latitude: 36.77617Ring: 5 mile radius Longitude: -76.27094

Summary Census 2010 2015 2020Population 204,492 214,523 225,936Households 75,852 80,084 84,709Families 52,531 55,080 58,035Average Household Size 2.62 2.60 2.59Owner Occupied Housing Units 46,507 46,982 49,627Renter Occupied Housing Units 29,345 33,102 35,082Median Age 34.5 35.4 36.6

Trends: 2015 - 2020 Annual Rate Area State NationalPopulation 1.04% 0.99% 0.75%Households 1.13% 1.00% 0.77%Families 1.05% 0.92% 0.69%Owner HHs 1.10% 0.95% 0.70%Median Household Income 2.17% 2.91% 2.66%

2015 2020 Households by Income Number Percent Number Percent

<$15,000 10,154 12.7% 10,151 12.0%$15,000 - $24,999 7,287 9.1% 6,251 7.4%$25,000 - $34,999 9,266 11.6% 7,579 8.9%$35,000 - $49,999 12,294 15.4% 12,111 14.3%$50,000 - $74,999 15,617 19.5% 17,099 20.2%$75,000 - $99,999 9,233 11.5% 11,827 14.0%$100,000 - $149,999 10,169 12.7% 11,685 13.8%$150,000 - $199,999 3,765 4.7% 5,130 6.1%$200,000+ 2,299 2.9% 2,876 3.4%

Median Household Income $51,100 $56,885Average Household Income $67,229 $75,767Per Capita Income $25,262 $28,542

Census 2010 2015 2020 Population by Age Number Percent Number Percent Number Percent

0 - 4 15,239 7.5% 14,899 6.9% 15,388 6.8%5 - 9 14,130 6.9% 15,328 7.1% 15,124 6.7%10 - 14 13,940 6.8% 14,112 6.6% 15,743 7.0%15 - 19 15,039 7.4% 13,930 6.5% 14,340 6.3%20 - 24 15,208 7.4% 14,977 7.0% 13,653 6.0%25 - 34 30,226 14.8% 32,937 15.4% 33,083 14.6%35 - 44 26,571 13.0% 27,550 12.8% 31,695 14.0%45 - 54 30,116 14.7% 28,252 13.2% 26,475 11.7%55 - 64 21,729 10.6% 25,905 12.1% 28,146 12.5%65 - 74 12,224 6.0% 15,595 7.3% 19,299 8.5%75 - 84 7,126 3.5% 7,746 3.6% 9,398 4.2%

85+ 2,944 1.4% 3,294 1.5% 3,592 1.6%Census 2010 2015 2020

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 96,260 47.1% 99,506 46.4% 102,632 45.4%Black Alone 91,138 44.6% 93,457 43.6% 96,263 42.6%American Indian Alone 855 0.4% 908 0.4% 958 0.4%Asian Alone 6,588 3.2% 8,199 3.8% 10,059 4.5%Pacific Islander Alone 151 0.1% 207 0.1% 275 0.1%Some Other Race Alone 3,026 1.5% 3,955 1.8% 5,147 2.3%Two or More Races 6,473 3.2% 8,290 3.9% 10,602 4.7%

Hispanic Origin (Any Race) 9,499 4.6% 12,680 5.9% 16,862 7.5%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020.

May 09, 2016

©2015 Esri Page 5 of 6

Page 10: 941 CORPORATE LANE - LoopNetimages3.loopnet.com/d2/VYDcpN_j3prtO3GGFaa1aL0Mjau0... · 2017-03-24 · 757.640.2217 (direct) | 757.675.4207 (mobile) abussey@slnusbaum.com Stephanie

Demographic and Income Profile2288 S Military Hwy, Chesapeake, Virginia, 23320 2 Prepared by S.L. Nusbaum Realty Co.2288 S Military Hwy, Chesapeake, Virginia, 23320 Latitude: 36.77617Ring: 5 mile radius Longitude: -76.27094

AreaStateUSA

Trends 2015-2020Trends 2015-2020

Ann

ual R

ate

(in

perc

ent) 2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

20152020

Population by AgePopulation by Age

Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2015 Household Income 2015 Household Income

<$15K12.7%

$15K - $24K9.1%

$25K - $34K11.6%

$35K - $49K15.4%

$50K - $74K19.5%

$75K - $99K11.5%

$100K - $149K12.7%

$150K - $199K4.7%

$200K+2.9%

2015 Population by Race2015 Population by Race

Perc

ent

45

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+

2015 Percent Hispanic Origin: 5.9%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020.

May 09, 2016

©2015 Esri Page 6 of 6