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Property profile & analytics
OFF-MARKET
Commercial real estate

1700 Main St Suffolk, VA 23434

87 ac lot
Property ID
US87-2282387
Property summary
AI-generated overview

This exceptional 87-acre commercial land parcel presents a rare redevelopment opportunity in Suffolk, Virginia. Located at 1700 N Main Street (US-460 Business, SR-10, SR-32), this property boasts over 350 feet of frontage on N Main Street and an impressive 4,000+ feet of waterfront access on the navigable Nansemond River, extending to the Chesapeake Bay. The site includes all utilities and features over 30 existing structures totaling more than 150,000 square feet. Currently zoned B-2, this location aligns perfectly with both the Suffolk 2035 and the draft Suffolk 2045 comprehensive plans, which encourage mixed-use development. This unique property offers unparalleled potential for a variety of commercial ventures, capitalizing on its prime location, extensive waterfront access, and significant existing infrastructure. Proposals are due June 20, 2024. A video showcasing the property is available online. Contact us for further details and to discuss this exciting investment opportunity.

Property profile
Verified
Property type Commercial real estate
Lot 87 ac (3,789,720 SF)
UPID US87-2282387
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
Current use
Occupant on record · Public records
  • Suffolk Department of Transportation State Government Office
  • VDOT Suffolk District Office Corporate Office
  • Transportation Department-Residency Department Of Transportation
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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