Multi-Tenant Retail
2897 Bridge Rd Suffolk, VA 23435
2897 Bridge Rd, Suffolk, VA, 23435
Contact for pricing
For Sale
Contact for pricing
Three current tenants occupy the storefront, with shorter-term leases that may support owner-occupancy or redevelopment plans.
Property Size7,595 SF
Price / SF$220.54
Days on Market166
Property Features for 2897 Bridge Rd
General Information
- Standard status
- Active
- Size
- 7,595 SF
- Property subtype
- RETAIL
Properties For Sale
at 2897 Bridge Rd Contact us
Listing agency
Colliers | Norfolk
(757) 217-1885
Listed by
Kevin OKeefe
Source
Moodyscre
Added: Feb 6 Updated: Jul 22 at 6:27PM Checked: Jul 22 at 6:27PM
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.
This multi-tenant retail storefront property is offered as a for-sale site suitable for owner-occupancy, redevelopment, or investment, according to the current marketing remarks. The property has three current tenants: Bon Secours, Integrated Audio/Video, and MasterCleaner.
The existing tenants are described as being on shorter-term leases, which can provide flexibility for an owner occupant or redevelopment timeline.
Located at 2897 Bridge Rd, Suffolk, VA 23435, the property is being presented as a workable option for buyers seeking control over future occupancy and uses.
The existing tenants are described as being on shorter-term leases, which can provide flexibility for an owner occupant or redevelopment timeline.
Located at 2897 Bridge Rd, Suffolk, VA 23435, the property is being presented as a workable option for buyers seeking control over future occupancy and uses.
Key Highlights
- Storefront currently occupied by three tenants: Bon Secours, Integrated Audio/Video, and MasterCleaner
- Each tenant is on shorter‑term leases, which may allow flexibility for an owner‑occupant or redevelopment plan
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.1k | $12.00 |
| − Vacancy | −$5.0k | −$0.66 |
| EGI | $86.1k | $11.34 |
| − OpEx | −$25.8k | −$3.40 |
| NOI | $60.3k | $7.94 |
7,595 SF · lease $12.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$861.3K
$753.6K – $1.00M
NOI $60,289 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,192 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nansemond Suffolk Family ...
Pediatrician
Johnsie Burke Hughes
Physician
Johnsie Hughes, NP
Physician
Nikki L. Graves, ...
Pediatrician
Grace Pagtakhan
Medical Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Bennetts Creek Shopping Center — 3215 Bridge Rd, Suffolk, VA 23435
- Coinstar Kiosk | Bitcoin ATM — Food Lion, 3215 Bridge Rd, Suffolk, VA 23435
FAQs
What type of property is this?
Shopping center - Three current tenants occupy the storefront, with shorter-term leases that may support owner-occupancy or redevelopment plans.
Where is this shopping center located?
The property is located at 2897 Bridge Rd Suffolk, VA.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Storefront currently occupied by three tenants: Bon Secours, Integrated Audio/Video, and MasterCleaner; Each tenant is on shorter‑term leases, which may allow flexibility for an owner‑occupant or redevelopment plan
