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5392 Nansemond Pky 2.6 - 5.26 Acre Commercial Land Lots Offered at $250,000 - $836,000 Per Lot in Suffolk, VA 23435
Investment Highlights
- Convenient access to I-664 and I-264, connecting to Norfolk and Portsmouth.
- Excellent visibility along Nansemond Parkway with 12,911 VPD.
- Located near major retailers and distribution centers, including Amazon and Walmart.
Executive Summary
Property Facts
| Price | $250,000 - $1,086,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 2 | Total Lot Size | 7.86 AC |
| Zoning | O-I (Office-Institutional | ||
| Price | $250,000 - $1,086,000 |
| Sale Type | Investment |
| No. Lots | 2 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 7.86 AC |
| Zoning | O-I (Office-Institutional |
2 Lots Available
Lot 20N*B3A
| Price | $250,000 | Lot Size | 2.60 AC |
| Price Per AC | $96,153.85 |
| Price | $250,000 |
| Price Per AC | $96,153.85 |
| Lot Size | 2.60 AC |
2.60 AC of land. Water and Sewer Available.
Lot 20B*B4 B4A
| Price | $836,000 | Lot Size | 5.26 AC |
| Price Per AC | $158,935.36 |
| Price | $836,000 |
| Price Per AC | $158,935.36 |
| Lot Size | 5.26 AC |
This offering includes two adjacent parcels totaling 5.26 acres along Nansemond Parkway in Suffolk, Virginia. The property is zoned O-I (Office-Institutional District).
Description
This offering includes two adjacent parcels totaling 7.86 acres along Nansemond Parkway in Suffolk, Virginia. The property is zoned O-I (Office-Institutional District), providing flexibility for a variety of institutional and office-related developments. With water and sewer services available, the site is development-ready and positioned to minimize infrastructure costs. The property benefits from strong visibility and accessibility, with an average daily traffic count of 12,911 vehicles along Nansemond Parkway. Its location offers convenient connectivity to major transportation routes, including I-664 and I-264, ensuring easy access to Norfolk, Portsmouth, and the greater Hampton Roads region. Surrounding amenities include Chesapeake Square Mall, Walmart, Lowe’s, and an Amazon distribution center, creating a robust commercial environment and employment base. The asking price for the combined parcels is $836,000, presenting an attractive opportunity for developers and investors seeking a well-located site in a growing market.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $183,800 | Total Assessment | $183,800 |
Property Taxes
Presented by
5392 Nansemond Pky
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