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    1918 Holland Rd Suffolk, VA 23434

    For Sale
    Contact for pricing

    5-Acre B-2 Zoned Lot in Virginia

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 5-acre development site, located at 1901 & 1918 Holland Rd in Suffolk, Virginia (zip code 23434), presents a unique opportunity for commercial development. Currently zoned B-2, this property offers significant potential for a variety of commercial uses. The site boasts convenient access to essential utilities, including readily available water, sewer, and electricity. Furthermore, Best Management Practices (BMPs) are already in place, streamlining the development process and reducing potential hurdles. High traffic counts of 31,000 vehicles per day ensure excellent visibility and accessibility for any future business. Note that only the parcel at 1901 Holland Rd is currently available for purchase. The property's location in Suffolk County, Virginia, provides access to a thriving local economy and a strong regional market. With its strategic location, comprehensive utilities, and favorable zoning, this 5-acre parcel represents a compelling investment opportunity for developers seeking a prime location to build their next commercial venture. The latitude and longitude coordinates are 36.717701 and -76.655375 respectively.

    Property Features for 1918 Holland Rd

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • 5‑acre commercial development site at 1901 Holland Rd, Suffolk, VA 23434.
    • Water, sewer, and electricity readily available.
    • Best Management Practices (BMPs) already in place.
    • B‑2 zoning.
    • High traffic count: 31,000 vehicles per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.655375
    Latitude
    36.717701

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    FAQs

    What type of property is this?
    Land - 5-Acre B-2 Zoned Lot in Virginia
    Where is this land located?
    The property is located at 1918 Holland Rd Suffolk, VA.
    What are key features of this property?
    This property features: 5-acre commercial development site at 1901 Holland Rd, Suffolk, VA 23434.; Water, sewer, and electricity readily available.; Best Management Practices (BMPs) already in place.
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    1918 Holland 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
    1918 Holland Rd Suffolk, VA 23434
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