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    120 W Washington St Suffolk, VA 23434

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    For Sale
    $299,000

    Mixed-use building in downtown location with retail and redevelopment potential.

    Property size:
    6,800 SF
    Lot size:
    0.09 Acres

    Property Features for 120 W Washington St

    General Information

    Size
    6,800 SF
    Lot size
    0.09 Acres

    Source: The Katsias Company Agent John Katsias

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Mixed-Use Retail Opportunity

    This mixed-use property is located in the heart of downtown at the intersection of W. Washington and Main St. The existing retail space consists of 3,400 square feet on the first floor and 2,600 square feet on the second floor, totaling 6,800 square feet. The surrounding area includes a new Arts Creative District, concert venue, festival hall, and library square. The city is offering improvement grants for business owners. The property presents potential for retail, apartments, office spaces, restaurants, and other uses, making it suitable for mixed-use development or owner occupancy.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -76.5827234
    Latitude
    36.7281724

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    FAQs

    What type of property is this?
    Retail space - Mixed-use building in downtown location with retail and redevelopment potential.
    Where is this retail space located?
    The property is located at 120 W Washington St Suffolk, VA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Prime Downtown Location: Heart of Downtown at the intersection of W. Washington and Main St.; - Mixed-Use Potential: Great Investment Opportunity for mixed use or owner occupant with potential for retail, apartments, office, restaurants, and more!; - Substantial Existing Retail Space: Consists of 3,400 SF on 1st floor and 2,600 SF on 2nd floor.
    (757) 285-8989
    Request Owner's contact information
    120 W Washington St Suffolk, VA 23434
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    120 W Washington St
    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
    120 W Washington St Suffolk, VA 23434
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