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Property profile & analytics
OFF-MARKET
Commercial real estate

1350 Carolina Rd Suffolk, VA 23434

4.51 ac lot
Individually Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US87-0503598
Property summary
AI-generated overview

This exceptional 2.1-acre commercial land parcel presents a unique investment opportunity in Suffolk, Virginia. Located at 1350 Carolina Road, this property boasts a prime location with high visibility, situated along a road with 19,444 vehicles passing daily. The site is zoned B-2 (General Commercial), offering a wide range of development possibilities. Utilities are readily available, including water, sewer, and electricity, simplifying the development process. The seller is flexible regarding the land size, potentially accommodating various project scales. This property is priced at $1,200,000, representing a compelling value given its location, zoning, and utility access. The property's address is 1350 Carolina Rd, Suffolk, VA 23434, within Nansemond County. Its coordinates are latitude 36.681213 and longitude -76.612325. The property is also zoned M-2 (Heavy Industrial), providing additional development flexibility. This versatile location offers significant potential for a variety of commercial ventures, making it an attractive investment for discerning buyers. Don't miss this chance to acquire a strategically located commercial property in a thriving area.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 4.51 ac (196,456 SF)
Zoning code HEAVY INDUSTRIAL
APN 44*99
UPID US87-0503598
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
William T Nelson JR · 8 yrs held
William T Nelson JR
since 2017
1 recorded transaction
2017
$85,000
Zoning & alternative use
HEAVY INDUSTRIAL · Suffolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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