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    1420 Carolina Rd Suffolk, VA 23434

    Sponsored
    For Sale
    $1,500,000

    Prime 10-acre industrial lot, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10-acre commercial and industrial land parcel presents a unique investment opportunity in Suffolk, Virginia. Located at 1420 Carolina Rd, zip code 23434, this property is zoned M-2 (Heavy Industrial), allowing for a wide range of potential uses. The site boasts convenient access to essential utilities, including readily available water and sewer connections, as well as existing electricity. The seller is flexible regarding the land size, offering potential buyers the opportunity to tailor the purchase to their specific needs. This prime location in Nansemond County offers significant advantages for businesses seeking a strategic foothold in the region. The asking price for this expansive property is $1,500,000. With its substantial size, versatile zoning, and readily available utilities, this 10-acre lot represents a compelling investment prospect for industrial and commercial development. The property's latitude and longitude coordinates are 36.679854 and -76.611778 respectively. Don't miss this chance to acquire a significant piece of land in a thriving industrial area.

    Property Features for 1420 Carolina Rd

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • 10‑acre parcel
    • Seller flexible on land size
    • Water and sewer available
    • Electricity on site
    • M‑2 (Heavy Industrial) zoning
    • Asking price: $1,500,000
    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
    -76.611778
    Latitude
    36.679854

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    FAQs

    What type of property is this?
    Land - Prime 10-acre industrial lot, excellent location.
    Where is this land located?
    The property is located at 1420 Carolina Rd Suffolk, VA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 10-acre parcel; Seller flexible on land size; Water and sewer available
    Request Owner's contact information
    1420 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
    1420 Carolina Rd Suffolk, VA 23434
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