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    3520 Sleepy Hole Rd Suffolk, VA 23435

    For Sale
    $1,800,000

    38 Acres, I-664 Proximity, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 38.33-acre parcel presents a compelling development opportunity in Suffolk, Virginia. Located at 3520 Sleepy Hole Road, zip code 23435, the property is zoned R-R, allowing for residential construction. Its strategic location offers convenient access to major transportation arteries, including Interstate 664 (5 miles), Route 58 (4 miles), and the James River Bridge (10 miles). This prime location provides future residents with easy commutes and access to a variety of amenities. The expansive lot size provides ample space for a diverse range of residential projects, from single-family homes to multi-family developments. The asking price for this exceptional land is $1,800,000. Given its size, zoning, and proximity to key transportation routes, this property represents a significant investment opportunity with considerable potential for substantial returns. Serious inquiries are encouraged to explore the possibilities of this remarkable development site. The property's coordinates are 36.812137 latitude and -76.5235554 longitude. This is a rare chance to acquire a large, well-located residential development site in a growing area of Suffolk.

    Property Features for 3520 Sleepy Hole Rd

    General Information

    Property type
    Land
    Lot Size
    1,669,655 SF

    HighLights

    • Prime development site with excellent visibility and access.
    • Zoned for mixed‑use development, allowing for diverse project options.
    • Utilities readily available, minimizing infrastructure costs.
    • Strong demographics and high population density ensure a robust market.
    • Favorable location near major transportation arteries and amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Department Store Garden Center Daycare Center Cosmetics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.5235554
    Latitude
    36.812137

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    FAQs

    What type of property is this?
    Land - 38 Acres, I-664 Proximity, Development Ready
    Where is this land located?
    The property is located at 3520 Sleepy Hole Rd Suffolk, VA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Prime development site with excellent visibility and access.; Zoned for mixed-use development, allowing for diverse project options.; Utilities readily available, minimizing infrastructure costs.
    (757) 640-9290
    Request Owner's contact information
    3520 Sleepy Hole Rd Suffolk, VA 23435
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    Suffolk, VA 23435
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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
    3520 Sleepy Hole Rd Suffolk, VA 23435
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