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    1931 Bridge Rd Suffolk, VA 23433

    For Sale
    $1,000,000

    4.43 Acres, Office Zoning, $1M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 4.43-acre commercial land parcel presents a unique investment opportunity in Suffolk, Virginia. Strategically located on Bridge Road (Route 17), this property boasts 300 feet of frontage, ensuring high visibility and accessibility. The current zoning is Office Institutional (O-I), offering immediate development potential for a variety of office uses. However, the property also shows potential for rezoning to Commercial (B-1), expanding development possibilities. Situated within a strategic growth corridor in the Hampton Roads region, this site benefits from exceptional traffic counts, with Bridge Road seeing 21,123 vehicles per day. The asking price for this prime commercial land is $1,000,000. This location offers unparalleled access to major transportation arteries, making it an ideal site for businesses seeking high visibility and convenient access for employees and customers. The substantial lot size provides ample space for a large-scale development project, while the existing zoning provides a solid foundation for immediate development plans. This is a rare opportunity to acquire a significant commercial land parcel in a thriving area with strong growth potential. The combination of location, size, and zoning makes this property an attractive investment for developers and businesses alike. Don't miss this chance to secure a prime location in a rapidly growing market.

    Property Features for 1931 Bridge Rd

    General Information

    Property type
    Land
    Lot Size
    192,971 SF

    HighLights

    • Strategic growth corridor in the Hampton Roads region.
    • ± 4.43‑acre commercial land parcel.
    • Office Institutional (O‑I) zoning; potential for Commercial (B‑1) rezoning.
    • 21,123 vehicles per day on Bridge Road (Route 17).
    • 300 feet of frontage on Route 17/Bridge Road.
    • $1,000,000 asking price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Hair Salon Nail Salon Gym & Fitness Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.49506
    Latitude
    36.895658

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    FAQs

    What type of property is this?
    Land - 4.43 Acres, Office Zoning, $1M
    Where is this land located?
    The property is located at 1931 Bridge Rd Suffolk, VA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Strategic growth corridor in the Hampton Roads region.; ± 4.43-acre commercial land parcel.; Office Institutional (O-I) zoning; potential for Commercial (B-1) rezoning.
    Request Owner's contact information
    1931 Bridge Rd Suffolk, VA 23433
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    Suffolk, VA 23433
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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
    1931 Bridge Rd Suffolk, VA 23433
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