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600-604 W Washington St 3,500 SF Retail Building Suffolk, VA 23434 $754,880 ($215.68/SF) 7.50% Cap Rate
Executive Summary
The property consists of two tenant suites: 600 W Washington (1,200 SF | $1,648/month) and 604 W Washington (2,300 SF | $3,070/month), offering a combined monthly income of $4,718. The leases are NNN with the landlord obligation being the roof and exterior walls. Built in 1938, the building features strong corner visibility and is situated within Suffolk's walkable commercial corridor, surrounded by legal services, government offices, insurance agencies, and financial institutions.
Zoned CBD (Central Business District), the asset supports a variety of retail and professional office uses and benefits from downtown Suffolk's ongoing revitalization and growth. The flexible zoning and stabilized income stream make this an attractive acquisition for private investors, local investment groups, family offices, and 1031 exchange buyers seeking a turnkey neighborhood commercial asset with future rental upside.
Property Facts
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Discover the perfect location for your business at 600 W Washington Street, nestled in the heart of downtown Suffolk. Around 1,200 square feet of versatile space, this property is ideal for a variety of business ventures, from retail to professional offices. Highly Visible Corner Location: Positioned on a bustling main street, your business will benefit from outstanding exposure and high foot traffic. Functional Layout: Includes two restrooms for convenience, and a dedicated office or conference space to support your operations. Parking: A shared parking lot located at the back of the building ensures easy access for employees and customers alike. This property offers not just a space, but an opportunity to thrive in Suffolk's growing downtown area. Whether you're establishing a new business or expanding an existing one.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,200 SF | Retail | - | Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,200 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Discover the perfect location for your business at 600 W Washington Street, nestled in the heart of downtown Suffolk. Around 1,200 square feet of versatile space, this property is ideal for a variety of business ventures, from retail to professional offices. Highly Visible Corner Location: Positioned on a bustling main street, your business will benefit from outstanding exposure and high foot traffic. Functional Layout: Includes two restrooms for convenience, and a dedicated office or conference space to support your operations. Parking: A shared parking lot located at the back of the building ensures easy access for employees and customers alike. This property offers not just a space, but an opportunity to thrive in Suffolk's growing downtown area. Whether you're establishing a new business or expanding an existing one.
Nearby Major Retailers
Property Taxes
| Parcel Number | 350639000 | Improvements Assessment | $148,500 |
| Land Assessment | $50,100 | Total Assessment | $198,600 |
Property Taxes
Presented by
600-604 W Washington St
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