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    6309 Godwin Blvd Suffolk, VA 23432

    For Sale
    $3,000,000

    Prime Suffolk acreage, residential development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 155.13-acre property presents a unique residential development opportunity in a rapidly growing area of Suffolk, Virginia. Comprised of three parcels within the city limits and one adjacent parcel in Isle of Wight County, this expansive landholding offers significant potential for a variety of residential projects. The Suffolk parcels are zoned RE (Rural Estate District), providing flexibility for various residential uses. The Isle of Wight County parcel is zoned RAC (Rural Agricultural Conservation). Conveniently located at 6309 Godwin Blvd, Suffolk, VA 23432 (36.8714061, -76.5839956), this location boasts easy access to essential utilities, with water and electricity readily available. The property's strategic position offers close proximity to major employment centers, including Sentara Obici Hospital, downtown Smithfield, Newport News Shipbuilding, Harbour View, and downtown Norfolk, making it an attractive location for future residents. This substantial land parcel represents a compelling investment opportunity for developers seeking to capitalize on the burgeoning residential market in this desirable area of southeastern Virginia. The asking price for this remarkable property is $3,000,000.

    Property Features for 6309 Godwin Blvd

    General Information

    Property type
    Land
    Lot Size
    6,751,800 SF

    HighLights

    • 155.13‑acre residential development opportunity in Suffolk, VA, comprised of three city parcels and one Isle of Wight County parcel.
    • Suffolk parcels zoned RE (Rural Estate District); Isle of Wight parcel zoned RAC (Rural Agricultural Conservation).
    • Located at 6309 Godwin Blvd, Suffolk, VA 23432, with readily available utilities.
    • Close proximity to major employment centers including Sentara Obici Hospital, downtown Smithfield, Newport News Shipbuilding, Harbour View, and downtown Norfolk.
    • Asking price: $3,000,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Home Inspector Field ... Training Centre

    Suggested Use

    Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Department Store Garden Center Discount Store Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.5839956
    Latitude
    36.8714061

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    FAQs

    What type of property is this?
    Land - Prime Suffolk acreage, residential development potential.
    Where is this land located?
    The property is located at 6309 Godwin Blvd Suffolk, VA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 155.13-acre residential development opportunity in Suffolk, VA, comprised of three city parcels and one Isle of Wight County parcel.; Suffolk parcels zoned RE (Rural Estate District); Isle of Wight parcel zoned RAC (Rural Agricultural Conservation).; Located at 6309 Godwin Blvd, Suffolk, VA 23432, with readily available utilities.
    (757) 640-9290
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    Suffolk, VA 23432
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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
    6309 Godwin Blvd Suffolk, VA 23432
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