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Property profile

0 Pt Pl Suffolk, VA 23435

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional commercial land opportunity is located within The Point, a thriving 55-acre mixed-use development in the heart of Harbour View, Suffolk, Virginia. Currently under construction are two retail buildings totaling approximately 1,200 to 5,925 square feet, with an additional 2,500 square foot building featuring a drive-thru planned. The Point offers the potential for approximately 11,200 to 100,000 square feet of contiguous retail or office space, with build-to-suit options available. Parcels are subdividable to meet diverse needs. This prime location boasts over 62,000 vehicles per day on I-664, with interstate signage opportunities. The Point also benefits from a strong residential component, including 100 townhomes and 300 apartments, creating a built-in customer base. Nearby major employers include the Department of Defense (1,700 employees), the US Navy (1,500 employees), and Sysco Foods (500 employees), ensuring a robust and stable market. Gianna's Pizzeria & Italian Ristorante and Harbourview Nail Lounge & Spa are already established tenants. This is an unparalleled chance to secure a prominent position in a rapidly growing area. The address is Point Pl, Suffolk, VA 23435.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

Pt Pl Suffolk, VA 23435
Suffolk metro
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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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