1420 Carolina RdSuffolk, VA 23434

  • Land
  • 5.80 AC
For Sale
$1,500,000 View listing

Property Details for 1420 Carolina Rd

Lot size
5.80 AC
Zone code
HEAVY INDUSTRIAL
Property type
Land
Property subtype
Commercial land
APN
44*99B
APU
4499B

Description

This exceptional 10-acre commercial and industrial land parcel presents a unique investment opportunity in Suffolk, Virginia. Located at 1420 Carolina Rd, zip code 23434, this property is zoned M-2 (Heavy Industrial), allowing for a wide range of potential uses. The site boasts convenient access to essential utilities, including readily available water and sewer connections, as well as existing electricity. The seller is flexible regarding the land size, offering potential buyers the opportunity to tailor the purchase to their specific needs. This prime location in Nansemond County offers significant advantages for businesses seeking a strategic foothold in the region. The asking price for this expansive property is $1,500,000. With its substantial size, versatile zoning, and readily available utilities, this 10-acre lot represents a compelling investment prospect for industrial and commercial development. The property's latitude and longitude coordinates are 36.679854 and -76.611778 respectively. Don't miss this chance to acquire a significant piece of land in a thriving industrial area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $53,653,584
    Hospitality
    $49,146,396
    Educational
    $40,889,224
    Medical
    $42,295,468
    Retail
    $63,605,460
1420 Carolina Rd, Suffolk, Virginia

Location Insight

City
Suffolk
County
Suffolk City
State
Virginia
Latitude
36.6799
Longitude
-76.6118
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,086
$191,400
-
$191,400
-
$191,400
-
$191,400

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