Property profile

Suffolk VA Holland Rd & Enterprise Dr Suffolk, VA 23434

OFF-MARKET
Land
5.23 ac lot
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Property summary

AI-generated overview

This exceptional 5.23-acre commercial land parcel presents a unique investment opportunity within the thriving Virginia Port Logistics Park in Suffolk, Virginia. Situated on the highly visible Holland Road (Route 58) business corridor, this Lot 39 property benefits from excellent accessibility and high traffic volume. The recent widening of Route 58 from four to six lanes (completion anticipated Fall 2024) will further enhance visibility and ease of access. The property is zoned B-2, allowing for a variety of commercial uses. Its location within the larger 932-acre Virginia Port Logistics Park places it in close proximity to numerous major distribution centers, creating a strategic advantage for businesses seeking a strong logistical presence. The site also offers the added benefit of retail pad availability at a signalized entrance, providing potential for synergistic development. This prime location, combined with the upcoming infrastructure improvements and the established industrial environment, makes this parcel an ideal choice for businesses seeking a prominent and easily accessible location in a rapidly growing area. The property's 5.23 acres provide ample space for a variety of development projects, catering to diverse commercial needs. The zip code is 23434. The property is located at the intersection of Holland Road and Enterprise Drive in Suffolk, Virginia.

Property profile

Verified
Property type Land
Lot 5.23 ac (227,819 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Suffolk VA Holland Rd & Enterprise Dr Suffolk, VA 23434
Suffolk metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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