1368 Progress RdSuffolk, VA 23434

Property Details for 1368 Progress Rd

Year built

2003

Lot size

20.26 AC

Property size (Sq ft)

27,857 SF

Zone code

HEAVY INDUSTRIAL

Property type

Other commercial real estate

APN

27*63Q

APU

2763Q

Description

This exceptional Class A industrial property, located at 1368 Progress Road in Suffolk, Virginia, presents a significant investment opportunity. The 126,733 square foot facility, built in 2004 and renovated in 2014, comprises four buildings situated on a 21.44-acre lot. The property boasts 160 parking spaces and six dock-high doors, catering to efficient logistics. Zoned M-2, it allows for a wide range of heavy industrial uses. The existing infrastructure includes 38,000 square feet dedicated to extraction equipment (spray dryer and silo tower), a 40,000 square foot packaging area, a blast freezer, and substantial cold storage space, along with shipping and receiving areas. The property features a 5,000-amp service and a 4-inch water line with filtration and chlorine treatment. Its strategic location in Suffolk, VA offers proximity to major transportation routes and the Port of Virginia, enhancing its logistical advantages. The asking price is $8,900,000. This well-maintained property is ready for immediate occupancy and offers significant potential for expansion and customization. The property's existing infrastructure and flexible layout make it ideal for various industrial and manufacturing operations, including food and beverage processing.

• Alternative Use

  Use

  Valuation

  Residential

  $5,915,851

  Hospitality

  $5,418,888

  Educational

  $4,508,451

  Medical

  $4,663,504

  Retail

  $7,013,146

Location Insight

City

Suffolk

County

Suffolk City

State

Virginia

Latitude

36.7734

Longitude

-76.536

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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