400 Washington St Suffolk, VA 23434-5304
Property summary
This exceptional commercial property, located at 400 W Washington Street in the heart of Downtown Suffolk, Virginia, presents a fantastic investment opportunity. The building boasts a total of three separate offices, providing ample space for a variety of business needs. A convenient kitchenette is included, perfect for employee breaks or client meetings. Two bathrooms ensure comfort and convenience for both staff and visitors. Significant storage space is also available, addressing the needs of businesses requiring ample storage capacity. The property features covered private parking directly in front of the building, offering a secure and convenient parking solution for occupants and clients. A significant upgrade was completed in 2022, focusing on the electrical system, ensuring modern and reliable power throughout the building. The property sits on a 0.08-acre lot. Currently leased, this property offers immediate income potential and a stable investment for the discerning buyer. The prime downtown location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a thriving and established commercial environment. This is a rare opportunity to acquire a well-maintained, updated commercial building in a desirable location. The combination of updated systems, ample space, and convenient parking makes this property a highly attractive investment.
Property profile
VerifiedCap rate & NOI
Current use
-
Home Health Care Service
-
Barber Shop
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CENTRAL BUSINESS · Suffolk, VAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.