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Corner Parcel in Northgate Park
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1945 Northgate Commerce Pkwy, Suffolk, VA 23435

Premier 5.4-acre corner parcel in Northgate Commerce Park.

Property SizeContact for details
Lot Size5.40 Acres
Days on Market591

Property Features for 1945 Northgate Commerce Pkwy

General Information

Standard status Active
Lot size 5.40 Acres
Property subtype Land
Zoning M-2 (Heavy Industrial)
Listing Agency: Harvey Lindsay Commercial Real Estate
Listed By: Charles Dickinson · License #VA
Source: Crexi
Added: Mar 4, 2025 Changed: Oct 13 Last Checked: Oct 16 at 5:43AM

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 Harvey Lindsay Commercial Real Estate

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Investment Insights

Based on property information with market context.

This premier corner parcel is located at the entrance of Northgate Commerce Park, offering road frontage on Nansemond Parkway and Northgate Commerce Parkway. The site encompasses approximately 5.4 acres and is zoned M-2 Industrial. Situated in a central Hampton Roads "Beltway" location, it benefits from some of the region's lowest drayage rates. The property is adjacent to Amazon’s 3.8 million-square-foot Fulfillment Center and is approximately 7.5 miles from freight terminals and 2.5 miles west of I-664, providing immediate access to I-64, I-264, U.S. 58, and U.S. 460. The property is institutionally owned by Industrial Realty Group (IRG).

Key Highlights

  • Premier corner parcel at the entrance of Northgate Commerce Park.
  • M‑2 Industrial Zoning.
  • Central Hampton Roads “Beltway” location with immediate access to I‑64, I‑264, U.S. 58, and U.S. 460.

Property Analytics

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Current Use

Industrial land

Suggested Use

Top Pick Auto Repair Shop (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Computer & Electronic Repair Plumbing Service Grocery & Convenience Store

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

79
Businesses Nearby

Demographics for 23435, VA

32,597
Population
13,386
Households
2.4
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
35.7 sq mi
ZIP Area
913
Density / Sq Mi
$107,833
Median Household Income
$52,814
Median Earnings
$1,838
Median Rent
$374,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Industrial land - Premier 5.4-acre corner parcel in Northgate Commerce Park.
Where is this industrial land located?
The property is located at 1945 Northgate Commerce Pkwy Suffolk, VA.
What are key features of this property?
This property features: Premier corner parcel at the entrance of Northgate Commerce Park.; M‑2 Industrial Zoning.; Central Hampton Roads “Beltway” location with immediate access to I‑64, I‑264, U.S. 58, and U.S. 460.
(757) 640-8700 Call to check price and availability
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