Investment Overview
This ±14-acre development site in Suffolk, Virginia presents a compelling opportunity for residential development in a growing residential corridor. Surrounded by established single-family neighborhoods and a few new, Class 'A' multifamily communities, the area is poised for additional housing options to meet demand. The property's zoning allows for mixed-use development, offering an ideal infill opportunity. The property offers convenient access to main thoroughfares and employment centers in Suffolk and Western Tidewater.
Investment Highlights
- Proximity to Major Employers: The site is within a 15-minute drive of major employers such as Sentara Obici Hospital and Lockheed Martin, providing convenient access to significant employment centers.
- Access to Quality Education: John Yeates Middle School (Next door with ±500 students) and Creekside Elementary and Nansemond River High School are also nearby, offering families reputable educational options.
- Convenient Transportation Links: The property offers easy access to major roadways, including Route 17 and I-664, facilitating commutes to neighboring cities such as Chesapeake and Norfolk.
- Recreational Opportunities: Just minutes away, Bennett's Creek Park offers amenities like boat ramps, nature trails and more
- Permitted Uses: Zoning allows for a variety of commercial uses including Mixed Use permitted by right.