1005 Chesapeake AVE
Sold

1005 Chesapeake AVE

1005 Chesapeake AVE, Chesapeake, VA 23324

$395,000
Unique mixed-use asset positioned in the heart of South Norfolk's downtown district, offering both street-level commercial visibility and rear residential income. The front commercial suite features an open, gallery-style layout with updated lighting, modern flooring, and a dedicated restroom--ideal for retail, studio, office, or wellness use. Behind the storefront sits a two-unit residential configuration, each with separate access, providing diversified income streams on one parcel. The rear of the property offers off-street parking, fenced outdoor space, and storage sheds, adding functional utility for both tenants and ownership. Exterior features include brick walkways, alley access, and classic neighborhood architecture. Located just minutes from major commuter routes, shipyard access, dining, and shopping, this property blends location, flexibility, and income potential into one versatile investment opportunity.

Features & Amenities

Interior

  • total bedrooms0
  • Flooring Carpet, Laminate
  • APPLIANCES Electric Water Heater

Area & Lot

  • Status Sold
  • Date Sold June 15, 2026
  • MLS® ID10613422
  • TypeResidential
  • YEAR BUILT1910
  • Elementary SchoolRena B. Wright Primary
  • Middle SchoolOscar Smith Middle
  • High SchoolOscar Smith

Exterior

  • STORIES2
  • water SourcePublic
  • roofAsphalt
  • parkingOn Street
  • HEAT TYPEElectric, Natural Gas
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer
  • SubstructureSlab

Financial

  • Sales Price$395,000
  • Real Estate Tax $3,402/yr
  • Zoning B5

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