Corner Multi-Story Office
For Sale
$1,450,000
112 W Washington Street, Suffolk, VA 23434
COMMERCIAL - Suffolk, VA
Property Size23,594 SF
Lot Size0.09 Acres
Price / SF$61.46
Days on Market1430
Property Features for 112 W Washington Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Subdivision
OLD TOWN SUFFOLK
Standard status
Active
Size
23,594 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3773
Utilities
Heating system
Natural Gas, Steam, Hot Water(Heating)
Cooling system
Wall/Window Unit(s)
Building Details
Year built
1900
Listing Agency:
Wainwright Real Estate
(757) 495-1900
Listed By:
Michele Slowey
(757) 495-1900
Added: Aug 31, 2022
Changed: Jul 29
Last Checked: Jul 30 at 11:06PM
MLS# 10454993
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Investment Insights
Based on property information with market context.
This eight-story commercial building offers a substantial vertical office presence in the heart of Suffolk. The property is configured as a single multi-level asset suited for office users and tenants who value centralized, established commercial space. Its corner positioning supports prominent visibility within the immediate downtown setting.
Located at 112 W Washington Street, the building sits at the intersection of Main and Washington Street. With multiple plans underway for Downtown, the property is positioned as prime real estate in a growing, “trendy” city environment. The public remarks also highlight available tax incentives and grants that may support upgrades to the property, which can be meaningful for prospective owners evaluating renovation and repositioning.
For buyers seeking an office-based investment, this asset provides a solid platform to accommodate a range of office tenants seeking multi-level space in a central business area. It may also appeal to owner-occupants or investors looking to leverage downtown momentum and potentially offset improvement costs through the referenced incentive and grant programs. As a for-sale offering, it presents a straightforward opportunity to acquire a corner office building with long-term redevelopment potential in downtown Suffolk.
Located at 112 W Washington Street, the building sits at the intersection of Main and Washington Street. With multiple plans underway for Downtown, the property is positioned as prime real estate in a growing, “trendy” city environment. The public remarks also highlight available tax incentives and grants that may support upgrades to the property, which can be meaningful for prospective owners evaluating renovation and repositioning.
For buyers seeking an office-based investment, this asset provides a solid platform to accommodate a range of office tenants seeking multi-level space in a central business area. It may also appeal to owner-occupants or investors looking to leverage downtown momentum and potentially offset improvement costs through the referenced incentive and grant programs. As a for-sale offering, it presents a straightforward opportunity to acquire a corner office building with long-term redevelopment potential in downtown Suffolk.
Key Highlights
- 8‑story commercial building on the corner of Main St and Washington St in Suffolk
- Year built: 1900
- Heating includes steam, natural gas, and hot water (heating)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
Explore this area
Business Placement
Demographics for 23434, VA
51,430
Population
21,764
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
90%
High-School Grad
206.8 sq mi
ZIP Area
249
Density / Sq Mi
$75,798
Median Household Income
$47,291
Median Earnings
$1,242
Median Rent
$293,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - An eight-story commercial office building positioned on a corner in downtown Suffolk, VA with potential for tax-incentive upgrades.
Where is this office building located?
The property is located at 112 W Washington Street Suffolk, VA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 8‑story commercial building on the corner of Main St and Washington St in Suffolk; Year built: 1900; Heating includes steam, natural gas, and hot water (heating)
