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Property profile & analytics
OFF-MARKET
Commercial real estate

623 Brk Ave & Suffolk, VA 23434

0.24 ac lot Built 1954
Property ID
US87-2331128
Property summary
AI-generated overview

This exceptional commercial property in Suffolk, Virginia, presents a unique investment opportunity. Priced at $360,000, the offering encompasses two parcels: a building currently utilized as a church at 623 Brook Avenue (parcel ID 153640200), and a 0.24-acre parking lot situated across the street (parcel ID 150053500). The sale is an "as-is" transaction. The church building's interior includes approximately 100 blonde back chairs, a commercial kitchen table, a deep freezer, and a dishwasher, all of which are included in the sale. Currently, the property is occupied by month-to-month tenants. The property's versatility allows for a range of potential uses, making it an attractive option for investors seeking a flexible and established location. The combined land area and existing building provide ample space for various commercial ventures. The inclusion of the separate parking lot adds significant value and convenience. This property offers a solid foundation for future development or continued operation as a place of worship or other suitable commercial use. Detailed property records are available upon request. Serious inquiries only.

Property profile
Verified
Property type Commercial real estate
Year built 1954
Lot 0.24 ac (10,454 SF)
UPID US87-2331128
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
  • Faith Temple Ministries Christian Fellowship Center Church
  • Total Transformation House of Praise Church Mosque
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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