2017 Wilroy Rd Suffolk, VA 23434
For Sale
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This unique 2.43-acre property at 2017 Wilroy Road in Suffolk, Virginia, presents a compelling investment opportunity. Currently zoned B-2 with a Dwelling Residential land use designation, the property offers significant flexibility. Tax records indicate prior use as residential, commercial, and industrial, suggesting diverse potential applications. The existing structure features a dual-purpose design. One side is configured as an office space, complete with a private restroom, kitchenette, and storage. The other side has been used as a residential rental, boasting three bedrooms. Recent renovations include fresh paint, new flooring, updated kitchen cabinets and countertops, new vinyl siding, and a new roof. The property benefits from connection to city water and sewage, eliminating the complexities of alternative systems. The City of Suffolk has further enhanced accessibility by installing a dedicated turning lane directly onto the property. Located on Wilroy Road, this property enjoys high visibility and sits within a high-traffic area, maximizing exposure and potential for a wide range of businesses. The combination of its versatile layout, recent upgrades, and prime location makes this a truly exceptional offering. The property's size and zoning offer significant potential for future development or expansion.
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Solomons Builders Inc. Construction Company
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Jeb's Hilltop Retreat Real Estate Agency
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GENERAL COMMERCIAL · Suffolk, VASuffolk. Always verify with local authorities before improvements.
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.