For Sale
$1,450,000

112 Washington St Suffolk, VA 23434

Prime location, 8-story building, tax incentives.

Overview

Added:
Feb 3
Days on market:
81
This exceptional 8-story commercial building presents a unique investment opportunity in the heart of Suffolk, Virginia. Situated on a prominent corner lot at the intersection of Main and Washington Streets, this property boasts a prime location within a rapidly developing downtown area. The 0.09-acre lot offers significant potential for future expansion or redevelopment. The building itself presents a substantial footprint, ideal for a variety of commercial uses. Given its location in a revitalizing downtown core, this property is well-positioned to benefit from the city's ongoing investment in infrastructure and community development. Furthermore, the city actively offers tax incentives and grants for property upgrades, providing significant potential for cost savings and increased return on investment. This presents a compelling opportunity for investors seeking a high-impact commercial property with strong potential for appreciation and significant tax advantages. The building's strategic location within a trendy and growing city makes it an attractive proposition for businesses seeking high visibility and access to a vibrant community. This is a rare chance to acquire a substantial commercial building in a prime location with significant upside potential. The substantial size and prime location make this an ideal investment for those seeking a significant tax write-off, coupled with the potential for substantial future returns.

Property Details for 112 Washington St

Property type
Commercial real estate
Year Built
1900
Lot Size (sq. ft)
3,920 SF

Location Insight

City
Suffolk
County
SUFFOLK
State
Virginia
Latitude
36.72844
Longitude
-76.5834

FAQs

What type of property is this?
Commercial real estate - Prime location, 8-story building, tax incentives.
Where is the commercial real estate located?
The property is located at 112 Washington St Suffolk, VA.
What is the asking price?
The asking price for this property is $1,450,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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112 Washington St
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