Warehouses for sale in Chesapeake, Virginia, offer a unique investment opportunity in a city that boasts a diverse landscape, rich history, and strong economic growth. As the second-most populous city in Virginia, Chesapeake has experienced significant growth since the late 1980s, attracting various industries and businesses. Warehouses, in particular, represent a smart investment choice, as they can serve as distribution centers, manufacturing facilities, or storage spaces, catering to the needs of the city's thriving retail, manufacturing, healthcare, and education sectors.
Chesapeake's strategic location, with its extensive frontage and port facilities on the Western and Southern Branches of the Elizabeth River, as well as the Dismal Swamp Canal, makes it an attractive destination for businesses that rely on water transportation. The city's infrastructure, including the Chesapeake Expressway, Veterans Bridge, and Jordan Bridge, ensures easy access to major highways, airports, and seaports. Additionally, Chesapeake is home to several major employers, including the U.S. Navy bases Northwest Annex and NALF Fentress, and Dollar Tree, which has its international headquarters in the city. With 4 warehouses for sale, investors have a range of options to choose from, each offering a unique set of characteristics, such as amenities, infrastructure, location, education, and geography. For instance, some warehouses may be located near Tidewater Community College or Regent University, providing access to a skilled workforce. Others may be situated near the Chesapeake Arboretum or Dismal Swamp Canal, offering a unique blend of natural beauty and industrial functionality. Whether you're looking for a warehouse to serve as a distribution center, manufacturing facility, or storage space, Chesapeake has something to offer. The city's warehouses for sale also compete with other property types, such as Industrial Properties, which offer flexible spaces for manufacturing and distribution; Land, which provides opportunities for development and growth; Residential Income Homes, which cater to the city's growing population; and Commercial Real Estate, which serves the needs of the city's thriving retail and service sectors. With its strong economy, diverse landscape, and rich history, Chesapeake is an attractive destination for investors looking to capitalize on the city's growth and development.
What are the key features investors look for in warehouses in Chesapeake?
When searching for warehouses in Chesapeake, investors typically look for key features that ensure a profitable and efficient operation, including:
- Location and accessibility, with proximity to major transportation facilities such as the Chesapeake Expressway, Veterans Bridge, and Jordan Bridge, as well as airports like Norfolk International Airport and Chesapeake Regional Airport, to facilitate easy movement of goods and supplies.
- Size and layout, with an average size of 40,026 square feet and a maximum size of 89,600 square feet, to accommodate various business needs and operations.
- Price and return on investment, with an average price per square foot of $95 USD and an average cap rate of , to ensure a strong potential for financial returns.
What size warehouses are available to buy in Chesapeake?
Warehouses for sale in Chesapeake, Virginia, range in size from 40,026 square feet to 89,600 square feet, with an average price per square foot of $95 USD and an average cap rate of , offering a variety of options for businesses and investors looking to establish a presence in this growing city.
How much does it cost to buy a warehouse in Chesapeake?
When it comes to buying a warehouse in Chesapeake, the cost can vary greatly depending on factors such as size, location, and condition, but on average, you can expect to pay around $95 USD per square foot, with the average warehouse size being around 40,026 square feet, and the largest available warehouse being around 89,600 square feet, with an average cap rate of , and with 4 available listings to choose from.
