Holland Rd Suffolk, VA 23434
- Land
- 27.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Holland Rd
- Lot size
- 27.00 lot acres
- Property type
- Land
Description
This exceptional 27-acre commercial land parcel presents a remarkable investment opportunity in Suffolk, Virginia. Located on Holland Road, the property boasts over 1,200 feet of frontage, providing excellent visibility and accessibility. Zoned B-2/M-1, this site is perfectly suited for a variety of retail developments. All utilities are available on-site, simplifying the development process. The property benefits significantly from strong submarket tailwinds, including a new $77 million road project slated for completion by the end of 2024. This infrastructure improvement will enhance connectivity and further increase the property's value and appeal. The area also shows robust growth with the addition of over 7.4 million square feet of industrial space to the market, plus another 4.2 million square feet proposed. This expansion has generated 4,800 new jobs, creating a thriving and expanding local economy. The strategic location and positive market dynamics make this 27-acre tract an exceptional opportunity for investors seeking high-growth potential in a rapidly developing area. The asking price is $6,475,000. This is a rare chance to acquire a substantial land holding in a prime location poised for significant future appreciation. Don't miss this chance to capitalize on the growth in Suffolk, VA.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Suffolk
- County
- Suffolk City
- State
- Virginia
- Longitude
- -76.6792
- Latitude
- 36.7094
