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    58 Holland Rd Suffolk, VA 23437

    For Sale
    $500,000

    2.62 Acres, Approved Site Plan, $500,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2.62-acre commercial land parcel, located on Route 58 Holland Road in Suffolk, Virginia (zip code 23437), presents a prime development opportunity. Currently zoned O-I (General Commercial), the property boasts a fully approved site plan, ideal for retail or office development. With approximately 1480 feet of frontage along Route 58/Holland Road, this site offers excellent visibility and accessibility. Its strategic location near the Food Lion Shopping Center ensures high traffic volume and convenient access for potential tenants or businesses. The property's versatility extends to the possibility of creating an outparcel to suit individual buyer or user needs. The asking price is $500,000, translating to approximately $171,821 per acre. Further enhancing its appeal, the site enjoys excellent access to US 13. While currently zoned for commercial use, there is potential for rezoning to residential use, expanding development possibilities. Detailed information regarding the Route 58/Holland Road Corridor Road Widening project is available upon request. This is a rare opportunity to acquire a well-situated, fully approved commercial development site in a thriving area of Suffolk, Virginia.

    Property Features for 58 Holland Rd

    General Information

    Property type
    Land
    Lot Size
    114,127 SF

    HighLights

    • Fully approved site plan for retail/office development.
    • Residential rezoning potential.
    • Excellent US‑13 access.
    • ±480 feet of frontage on Route 58/Holland Road.
    • Near Food Lion Shopping Center.
    • General Commercial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.6320646
    Latitude
    36.7267085

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    FAQs

    What type of property is this?
    Land - 2.62 Acres, Approved Site Plan, $500,000
    Where is this land located?
    The property is located at 58 Holland Rd Suffolk, VA.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Fully approved site plan for retail/office development.; Residential rezoning potential.; Excellent US-13 access.
    (757) 640-2412
    Request Owner's contact information
    58 Holland Rd Suffolk, VA 23437
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    Suffolk, VA 23437
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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
    58 Holland Rd Suffolk, VA 23437
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