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    2345 Pruden Blvd Suffolk, VA 23434

    For Sale
    $995,000

    Mixed-use commercial property, 39,000+ SF

    Property size:
    1,564 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 2345 Pruden Blvd in Suffolk, Virginia (zip code 23434), presents a unique investment opportunity. The 2.56-acre lot boasts a total building area exceeding 39,000 square feet, currently configured to accommodate a variety of uses. The existing structures are adaptable and suitable for a range of businesses, including convenience stores, pharmacies, quick-service restaurants (QSRs), and even an auto dealership. The property's high-traffic location in Suffolk, VA makes it an ideal spot for a retail operation seeking significant visibility and customer access. The asking price is $995,000. The property is available for occupancy starting November 13, 2023. The flexible layout and substantial square footage offer significant potential for expansion or adaptation to suit a variety of business plans. This is a prime opportunity to acquire a well-situated commercial property with substantial existing space and significant development potential in a thriving Virginia market. The property's size and versatility make it an attractive investment for both established businesses and new ventures. Serious inquiries are encouraged.

    Property Features for 2345 Pruden Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    1,564 SF
    Lot Size
    111,514 SF

    HighLights

    • $995,000 asking price.
    • 2.56‑acre lot in Suffolk, VA.
    • 1,564 - 39,000 square feet of retail space.
    • Available November 13, 2023.
    • Suitable for convenience store, pharmacy, QSR, and other retail uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.5884484
    Latitude
    36.7604643

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    FAQs

    What type of property is this?
    Restaurant - Mixed-use commercial property, 39,000+ SF
    Where is this restaurant located?
    The property is located at 2345 Pruden Blvd Suffolk, VA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: $995,000 asking price.; 2.56-acre lot in Suffolk, VA.; 1,564 - 39,000 square feet of retail space.
    Request Owner's contact information
    2345 Pruden Blvd 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
    2345 Pruden Blvd Suffolk, VA 23434
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