Suffolk Industrial Space
For Lease
$10 SF/Yr
1368 Progress Road, Suffolk, VA 23434
60,000 SF industrial space near Port of Virginia.
Space SizeContact for details
Lot Size21.44 Acres
Days on Market165
Property Features for 1368 Progress Road
General Information
Standard status
Active
Lot size
21.44 Acres
Property subtype
Industrial
Building Details
Year Built
2004
Listing Agency:
NAI Dominion Hampton Roads
(757) 270-6956
Listed By:
Matt Wilbricht · License #0225075527
(757) 270-6956
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Aug 18 at 5:51AM
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 NAI Dominion Hampton Roads
Investment Insights
Based on property information with market context.
This industrial property in Suffolk, VA, offers up to 60,000 SF of industrial space in two buildings, constructed in 2004 and renovated in 2014. The property is zoned M-2, allowing for a range of industrial and manufacturing operations. Located in the Wilroy Industrial Park, it provides access to transportation routes and logistical hubs, including the Port of Virginia marine terminals. The property includes up to 43 existing truck spaces, a yard area, and 160 parking spaces. There is ample space for manufacturing with 38,000 SF of existing extraction equipment including spray dryer and silo tower. A separate 20,000 SF building on two floors includes a 4,800 SF warehouse area with 45' clear height. The flexible layout suits various industrial uses, supported by 5,000 amp service and a 4" water line with existing filtration and chlorine treatment. The property is well-maintained and available for immediate occupancy, with potential for expansion and customization. The property consists of approximately 125,000 SF of buildings situated on 21.44 acres.
Key Highlights
- Strategic location in Suffolk, VA, near the Port of Virginia marine terminals, offering key transportation access.
- Up to 60,000 SF of industrial space in 2 buildings with M‑2 Heavy Industrial zoning.
- Immediate occupancy available in a well‑maintained facility.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Industrial property - 60,000 SF industrial space near Port of Virginia.
Where is this industrial property located?
The property is located at 1368 Progress Road Suffolk, VA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Strategic location in Suffolk, VA, near the Port of Virginia marine terminals, offering key transportation access.; Up to 60,000 SF of industrial space in 2 buildings with M‑2 Heavy Industrial zoning.; Immediate occupancy available in a well‑maintained facility.
