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Property profile & analytics
FOR SALE
Commercial real estate

2017 Wilroy Rd Suffolk, VA 23434

2,124 SF 2.43 ac lot Built 1950
Entity Owned Free & Clear
Property ID
US87-3589202
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 2,124 SF
Lot 2.43 ac (105,851 SF)
Zoning code GENERAL COMMERCIAL
APN 26*35B*1
UPID US87-3589202
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
  • Solomons Builders Inc. Construction Company
  • Jeb's Hilltop Retreat Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
SOLOMANS BUILDERS INC
SOLOMANS BUILDERS INC
Zoning & alternative use
GENERAL COMMERCIAL · Suffolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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