811 Constance Rd Suffolk, VA 23434-5641
- Commercial real estate
- 2,024 SF
- 0.65 lot acres
Current Use by Public Records
- Heritage Auto, Rod, and Custom / Auto Restoration Service
- Lifesafer Ignition Interlock / Safety Equipment Supplier / Auto Electrical Service
Property Details for 811 Constance Rd
- Year built
- 1975
- Lot size
- 0.65 lot acres
- Property size
- 2,024 SF
- Zone code
- GENERAL COMMERCIAL
- Property type
- Commercial real estate
- APN
- 34G16(2)*A
- APU
- 34G162A
Description
This exceptional 0.65-acre property at 811 W Constance Road in historic Old Town Suffolk, Virginia, presents a unique investment opportunity. The substantial 4-bay commercial building, previously utilized as an automotive service center and used car dealership, offers significant potential for a variety of businesses. The building boasts a spacious reception area, dedicated office space, and two convenient restrooms. Four oversized service bays, each featuring impressive 14-foot wall height, provide ample room for operations. While the current bay doors measure 10 feet in height, the fourth bay—a former Virginia State Inspection Station—possesses a higher door track, suggesting the possibility of modifying the exterior wall to accommodate 14-foot clearance, ideal for servicing larger vehicles, including those requiring diesel maintenance. The sale includes valuable equipment, such as a 2-post and 4-post hydraulic lift, a tire changing station, and an industrial air compressor, significantly reducing start-up costs for the new owner. This turnkey operation is perfectly suited for a repair shop, fabrication shop, or any business seeking to own its premises and eliminate ongoing lease payments. The property's location in Old Town Suffolk offers excellent visibility and accessibility, making it an attractive proposition for entrepreneurs and established businesses alike. This is a rare chance to acquire a well-equipped, strategically located commercial building in a thriving area. The asking price is $699,900.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $305,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $355,000
- Mixed-Use
- $330,000
- Hospitality
- $300,000
- Educational
- $335,000
- Residential Income
- $325,000
- Energy
- $295,000
- Income-Based Land
- $275,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Suffolk
- County
- Suffolk City
- State
- Virginia
- Longitude
- -76.5982
- Latitude
- 36.7327
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA