1700 Main St Suffolk, VA 23434
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.
-
Suffolk Department of Transportation State Government Office
-
VDOT Suffolk District Office Corporate Office
-
Transportation Department-Residency Department Of Transportation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.