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    306 Washington St Suffolk, VA 23434

    For Sale
    $88,900

    Prime location, 650 sq ft, great value.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property, located at 306 W Washington Street in the heart of Suffolk, Virginia, presents a unique opportunity for business owners seeking a vibrant and accessible location. The 650 square foot space is ideal for a variety of retail or office uses, boasting a prominent display window at the front for optimal visibility and attracting customers. The interior offers an open floor plan, providing flexibility for customization to suit individual business needs. Adding to its practicality, the property includes a convenient bathroom and ample storage space located at the rear of the building. Situated on a 0.03-acre lot, this property benefits from its prime location within Suffolk's downtown revitalization plan, ensuring a thriving and growing commercial environment. The asking price of $88,900 makes this an incredibly attractive investment opportunity, offering a cost-effective alternative to renting. Don't miss the chance to establish your business in this dynamic and up-and-coming area of Surprising Suffolk. This property is ready for immediate occupancy and offers a chance to be part of a revitalized downtown core. The open floor plan allows for creative design and efficient use of space, making it perfect for a variety of businesses. The combination of prime location, affordable price, and practical features makes this an exceptional opportunity.

    Property Features for 306 Washington St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,307 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Secret’z closet apparel ... Clothing Store Treasure Keepers Home ... Home Health Care Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    SUFFOLK
    State
    Virginia
    Longitude
    -76.58628
    Latitude
    36.72959

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, 650 sq ft, great value.
    Where is this commercial real estate located?
    The property is located at 306 Washington St Suffolk, VA.
    What is the asking price?
    The asking price for this property is $88,900.
    (757) 217-4200
    Request Owner's contact information
    306 Washington St Suffolk, VA 23434
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    Suffolk, VA 23434
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    306 Washington St Suffolk, VA 23434
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