1517 Holland RdSuffolk, VA 23434

  • Other commercial real estate
  • 14,617 SF
For Lease
$20/SF/YR View listing

Property Details for 1517 Holland Rd

Year built
2016
Lot size
2.58 AC
Property size (Sq ft)
14,617 SF
Zone code
GENERAL COMMERCIAL
Property type
Other commercial real estate
APN
33A*AW*A
APU
33AAWA

Description

This exceptional 14,673-square-foot retail property, located at 1517 Holland Road in Suffolk, Virginia, presents a unique investment opportunity. Built in 2016, this Class A building sits on a 2.58-acre lot and boasts excellent visibility due to its location at a fully signalized intersection. The property is currently vacant, offering a blank canvas for a new tenant. Its strategic location within the thriving shipping and logistics corridor leading to Interstate 95 and the Port of Virginia ensures high traffic volume and accessibility. The strong residential growth projections and high household income in the surrounding area further enhance the property's appeal. A prominent monument sign provides excellent branding opportunities. The property's single-tenant configuration simplifies management and leasing. This is an ideal location for businesses seeking high visibility and convenient access to major transportation arteries. The property's address is 1517 Holland Road, Suffolk, VA 23434, with a cross street of Staley Drive. The property is classified as retail and land, and is part of the Suffolk submarket. The building is a freestanding structure.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,104,139
    Hospitality
    $2,843,374
    Educational
    $2,365,654
    Medical
    $2,447,012
    Retail
    $3,679,906
1517 Holland Rd, Suffolk, Virginia

Location Insight

City
Suffolk
County
Suffolk City
State
Virginia
Latitude
36.7246
Longitude
-76.634
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
$29,518
$254,700
$2,453,400
$2,708,100
-
$254,700
$2,453,400
$2,708,100

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