0 Northgate Commerce Park Suffolk, VA 23435
This exceptional 7.5-acre parcel, situated within the prestigious Northgate Commerce Park in Suffolk, Virginia, presents a remarkable opportunity for industrial development. Boasting a highly desirable M-2 industrial zoning designation, this cleared site is ready for immediate construction. Utilities are already in place, and the property will be delivered with a completed master stormwater retention system and access road. The strategic location offers significant advantages, including direct road frontage on both Nansemond Parkway and Northgate Commerce Parkway, a signalized four-lane entrance road, and Foreign Trade Zone eligibility. Its proximity to major transportation arteries—approximately 2.5 miles west of I-664, with convenient access to I-64, I-264, US 58, and US 460—ensures seamless logistics and distribution. The area also benefits from the presence of Chesapeake Square Mall and numerous retail establishments. Furthermore, there's potential for up-zoning the acreage facing Nansemond Parkway to B-2, opening possibilities for additional retail and commercial uses, expanding development options considerably. The APN is 304840900 and the zip code is 23435. This property represents a rare combination of location, infrastructure, and zoning flexibility, making it an ideal investment for discerning developers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.