158 Washington StSuffolk, VA 23434

Property Details for 158 Washington St

Year built

1915

Lot size

0.08 AC

Property size (Sq ft)

5,640 SF

Zone code

CENTRAL BUSINESS

Property type

Commercial real estate

APN

34G18(A)*313

APU

34G18A313

Description

This exceptional 2,932 square foot creative office space is located at 158-160 W. Washington Street in the heart of Suffolk, Virginia's Central Business District (CBD). The property, a two-story building constructed in 1915, sits on a 0.08-acre lot and offers a unique blend of professional office space and income-generating residential units. The first floor comprises a single-tenant, move-in ready office suite previously occupied by a law firm. This space boasts multiple private offices, a dedicated conference room, a convenient kitchenette, and ample restroom facilities. The second floor features two leased apartment units, providing a passive income stream for the owner. The entire building totals 5,640 square feet. The zoning designation is CBD, reflecting its prime location within the city's commercial core. This presents a rare opportunity for an owner-user to acquire a well-maintained, historic building with immediate occupancy in a thriving downtown area. The property's combination of office and residential space offers significant potential for both immediate use and long-term investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,185,930

  6.5%

  $1,094,710

  7%

  $1,016,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $632,982

  Geo Method

  $941,936

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,169,190

  Retail / Commercial

  $1,109,620

  Mixed-Use / Specialty

  $1,103,510

  Hospitality / Lodging

  $806,803

  Office

  $1,094,710

  Institutional / Educational

  $1,146,430

  Residential Income

  $1,341,330

  Multifamily

  $1,620,660

  Automotive / Energy

  $982,656

  Parking / Income-Based Land

  $341,231

  Restaurant / Food Service

  $569,344

  Healthcare / Senior Housing

  $1,133,840

Location Insight

City

Suffolk

County

Suffolk City

State

Virginia

Latitude

36.7289

Longitude

-76.5844

CBSA code

47260

CBSA name

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

Property Tax & Assessments

FAQs

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