1931 Brg Rd Suffolk, VA 23433-1103
This exceptional 4.43-acre commercial land parcel presents a unique investment opportunity in Suffolk, Virginia. Strategically located on Bridge Road (Route 17), this property boasts 300 feet of frontage, ensuring high visibility and accessibility. The current zoning is Office Institutional (O-I), offering immediate development potential for a variety of office uses. However, the property also shows potential for rezoning to Commercial (B-1), expanding development possibilities. Situated within a strategic growth corridor in the Hampton Roads region, this site benefits from exceptional traffic counts, with Bridge Road seeing 21,123 vehicles per day. The asking price for this prime commercial land is $1,000,000. This location offers unparalleled access to major transportation arteries, making it an ideal site for businesses seeking high visibility and convenient access for employees and customers. The substantial lot size provides ample space for a large-scale development project, while the existing zoning provides a solid foundation for immediate development plans. This is a rare opportunity to acquire a significant commercial land parcel in a thriving area with strong growth potential. The combination of location, size, and zoning makes this property an attractive investment for developers and businesses alike. Don't miss this chance to secure a prime location in a rapidly growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
OFFICE-INSTITUTIONAL · Suffolk, VASuffolk. Always verify with local authorities before improvements.
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.