1350 Carolina Rd Suffolk, VA 23434
This exceptional 2.1-acre commercial land parcel presents a unique investment opportunity in Suffolk, Virginia. Located at 1350 Carolina Road, this property boasts a prime location with high visibility, situated along a road with 19,444 vehicles passing daily. The site is zoned B-2 (General Commercial), offering a wide range of development possibilities. Utilities are readily available, including water, sewer, and electricity, simplifying the development process. The seller is flexible regarding the land size, potentially accommodating various project scales. This property is priced at $1,200,000, representing a compelling value given its location, zoning, and utility access. The property's address is 1350 Carolina Rd, Suffolk, VA 23434, within Nansemond County. Its coordinates are latitude 36.681213 and longitude -76.612325. The property is also zoned M-2 (Heavy Industrial), providing additional development flexibility. This versatile location offers significant potential for a variety of commercial ventures, making it an attractive investment for discerning buyers. Don't miss this chance to acquire a strategically located commercial property in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HEAVY INDUSTRIAL · Suffolk, VACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.