Property profile

1700 Main St Suffolk, VA 23434

OFF-MARKET
Land
Property ID
US87-2282387
87 ac lot
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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 Land
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

Current use

Occupant on record · Public records
  • State Government Office
  • Corporate Office
  • Department Of Transportation

Location

1700 Main St 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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