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Industrial Land with Approved Building
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1061 Centerpoint Dr, Suffolk, VA 23434

M-2 heavy industrial zoned land with site plan approval and an approved building plan for development-ready use.

Lot Size10.17 Acres
Days on Market7

Property Features for 1061 Centerpoint Dr

General Information

Standard status Active
Lot size 10.17 Acres
Property subtype LAND
Listing Agency: Colliers | Norfolk
Listed By: Lang Williams · License #0225068666
Source: Moodyscre
Added: Jul 24 Changed: Jul 30 Last Checked: Jul 30 at 7:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Norfolk

Investment Insights

Based on property information with market context.

Industrial land available across three sites within the Virginia Port Logistics Park, totaling 23.01 acres and positioned for industrial and business development flexibility. One of the parcels is 10.17 acres at 1061 Centerpoint Drive.

The sites are zoned M-2 (Heavy Industrial). Development includes an approved building of 124,800 SF, and the offering is described as shovel-ready with site plan approval, supporting a faster path from planning to build.

This land package is intended for buyers seeking a port-oriented logistics park setting with multiple parcels and an approved building footprint to align with their planned industrial operations.

Key Highlights

  • 23.01 acres of industrial and business‑zoned land across three sites in Virginia Port Logistics Park
  • 10.17 acres at 1061 Centerpoint Drive, Suffolk, VA 23434
  • M‑2 (Heavy Industrial) zoning

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Auto Repair Shop Building Supply Auto Parts Store Electrical Service Plumbing Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

71
Businesses Nearby

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 Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial land - M-2 heavy industrial zoned land with site plan approval and an approved building plan for development-ready use.
Where is this industrial land located?
The property is located at 1061 Centerpoint Dr Suffolk, VA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 23.01 acres of industrial and business‑zoned land across three sites in Virginia Port Logistics Park; 10.17 acres at 1061 Centerpoint Drive, Suffolk, VA 23434; M‑2 (Heavy Industrial) zoning
(757) 679-9106 Call to check price and availability
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