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    1350 Carolina Rd Suffolk, VA 23434

    Sponsored
    For Sale
    $1,200,000

    2.1-Acre Commercial Lot, B-2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    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.

    Property Features for 1350 Carolina Rd

    General Information

    Property type
    Land
    Lot Size
    91,476 SF

    HighLights

    • 2.1‑acre parcel.
    • Seller offers flexibility on land size.
    • Water and sewer utilities available on‑site.
    • Electricity readily accessible.
    • High traffic count: 19,444 vehicles per day on Carolina Rd.
    • B‑2 (General Commercial) and M‑2 (Heavy Industrial) zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Department Store Storage Facility Food Market Grocery Store HVAC Service Convenience Store Car Rental

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Nansemond
    State
    Virginia
    Longitude
    -76.612325
    Latitude
    36.681213

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    FAQs

    What type of property is this?
    Land - 2.1-Acre Commercial Lot, B-2 Zoning
    Where is this land located?
    The property is located at 1350 Carolina Rd Suffolk, VA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 2.1-acre parcel.; Seller offers flexibility on land size.; Water and sewer utilities available on-site.
    (757) 640-8241
    Request Owner's contact information
    1350 Carolina Rd Suffolk, VA 23434
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    Suffolk, VA 23434
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1350 Carolina Rd Suffolk, VA 23434
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