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Suffolk Retail and Office Building
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3090 Godwin Blvd, Suffolk, VA 23434

10,797 SF building on 4.201 acres in Suffolk, VA.

Property Size10,797 SF
Lot Size4.20 Acres
Price / SF$1,007
Days on Market162

Property Features for 3090 Godwin Blvd

General Information

Standard status Active
Size 10,797 SF
Class A
Lot size 4.20 Acres
Property subtype Office, Retail
Occupancy 100%
Lease Type Absolute Net
Net Operating Income $625,594

Building Details

Year Built 2025
Stories 1
Tenancy Multi
Listing Agency: Parker Burnell Real Estate Group
Listed By: Troy Parker · License #0225036218
Source: Crexi
Added: Mar 11 Changed: Aug 8 Last Checked: Aug 18 at 6:07PM

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 Parker Burnell Real Estate Group

Investment Insights

Based on property information with market context.

The property is a building with approximately 10,797 square feet, featuring two ground-leased outparcels with over 15 years remaining on the leases. It is situated on 4.201 acres of land in the Planter’s Station submarket of Suffolk, Virginia. The location offers high visibility on Godwin Boulevard, with traffic exceeding 32,704 vehicles per day. The property is located across the street from a new Publix-anchored center and less than half a mile from Sentara Obici Hospital. It is centrally located within one mile of Route 58 and Route 460 in a moderately populated area with over 51,232 residents within a 5-mile radius. The city is projected to exceed 100,000 residents before the end of 2026, with housing expected to grow 9.20% by 2030. Suffolk's transportation infrastructure includes US Highways 13, 17, 58, 258, and 460, and is served by Interstate 664. The city has three freight railroads and is being considered for a potential branch line of the Southeast High Speed Rail Corridor. Suffolk Transit provides local bus service, with connections to Hampton Roads Transit. The Monitor-Merrimac Memorial Bridge-Tunnel connects Suffolk to Newport News across the Hampton Roads harbor. The property is located in Virginia’s second largest city by land area and the 14th largest in the United States, covering 400-430 square miles.

Key Highlights

  • New construction (2025) ±10,797 SF building with two ground‑leased outparcels (15+ years).
  • Located on heavily trafficked Godwin Boulevard (32,704 VPD) with excellent visibility.
  • Situated in the affluent Planter’s Station submarket of Suffolk, VA.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store HVAC Service Spa & Massage Center

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

508
Businesses Nearby
Balanced
Demand for This Use

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 Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Similar Off Market Nearby

  • Coinstar 2815 Godwin Blvd, Suffolk, VA 23434
  • Kensington Square Shopping Center 2815 Godwin Blvd, Suffolk, VA 23434

Frequently Asked Questions

What type of property is this?
Shopping center - 10,797 SF building on 4.201 acres in Suffolk, VA.
Where is this shopping center located?
The property is located at 3090 Godwin Blvd Suffolk, VA.
What is the asking price?
The asking price for this property is $10,879,896.
What are key features of this property?
This property features: New construction (2025) ±10,797 SF building with two ground‑leased outparcels (15+ years).; Located on heavily trafficked Godwin Boulevard (32,704 VPD) with excellent visibility.; Situated in the affluent Planter’s Station submarket of Suffolk, VA.
(757) 222-0111 Call to check price and availability
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