Listing Agency: JLL | Norfolk g***@jll.com Show Phone

Listed By: Gregg E Christoffersen · License #0225030327 Show Phone

Source: Moodyscre

Added: Dec 20, 2022 Changed: Aug 8 Last Checked: Aug 8 at 5:24AM

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Investment Insights

Based on property information with market context.

The site comprises approximately 101 net developable acres on two parcels in Suffolk, Virginia, situated just south of Downtown Suffolk off Carolina Road. Its location is close to the US-13 Southwest Bypass and Suffolk Industrial Park, and directly across Carolina Road from Suffolk Executive Airport. The property is well-positioned for industrial development and has municipal water available to the site. The property is located immediately across the street from the Suffolk Airport and is nearby to the Suffolk Industrial Park. According to the US Fish & Wildlife Services’s National Wetlands Inventory, there is relatively little wetlands encroachment, although no wetlands study has been completed.

Key Highlights

• Large developable acreage, approximately 101 acres
• Prime location near Suffolk Industrial Park and Suffolk Executive Airport
• Excellent accessibility via US‑13 Southwest Bypass

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Electrical Service Restaurant Storage Facility Hair Salon Plumbing Service (Bike/Boat/Book/etc) 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

48

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Land - 101 net developable acres in Suffolk, Virginia.

Where is this land located?

The property is located at 1075 Old Somerton Rd Suffolk, VA.

What are key features of this property?

This property features: Large developable acreage, approximately 101 acres; Prime location near Suffolk Industrial Park and Suffolk Executive Airport; Excellent accessibility via US‑13 Southwest Bypass