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    201 Washington St Suffolk, VA 23434

    For Sale
    Contact for pricing

    Prime location, ample space, great potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional commercial property, located at 201 E Washington Street in the heart of downtown Suffolk, Virginia, presents a unique opportunity for businesses seeking a vibrant and convenient location. Situated on a 0.37-acre lot, the property offers a substantial amount of interior space, ideal for a variety of commercial uses. The building's prime downtown location provides easy access to a wealth of amenities, including numerous restaurants, a local brewery, various retail establishments, the courthouse, and other government buildings. This ensures high visibility and convenient access for both employees and customers. The property also includes additional space in the rear, perfect for storage or expansion, offering flexibility to accommodate growing business needs. The asking price is $11 million. This is a rare opportunity to establish or expand a business in a thriving downtown area with excellent infrastructure and a strong community presence. The property's central location and ample space make it an attractive proposition for a wide range of commercial ventures. Serious inquiries are encouraged to explore this exceptional opportunity further. Further details regarding the exact square footage are available upon request.

    Property Features for 201 Washington St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    16,117 SF

    Building Details

    Year Built
    1915
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    SUFFOLK
    State
    Virginia
    Longitude
    -76.58083
    Latitude
    36.72726

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, ample space, great potential.
    Where is this commercial real estate located?
    The property is located at 201 Washington St Suffolk, VA.
    What is the asking price?
    The asking price for this property is $11.
    (757) 392-1906
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    201 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
    201 Washington St Suffolk, VA 23434
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