Industrial Properties in Suffolk, Virginia, offer a unique opportunity for investors to tap into the city's rich history and diverse economy. As the largest city in Virginia by land area and the 10th-most populous city in the state, Suffolk provides an attractive environment for industrial investments. Industrial Properties in Suffolk can represent a range of investments, from manufacturing and distribution facilities to warehouses and research and development centers. With its strategic location along the Nansemond and James rivers, Suffolk offers easy access to major transportation routes, including U.S. Highways 17, 13, 58, 258, and 460, as well as Interstate 664. The city's infrastructure, including the Louise Obici Memorial Hospital, the Monitor-Merrimac Memorial Bridge-Tunnel, and the Kings Highway Bridge, further supports industrial development. Additionally, Suffolk's proximity to major corporations like Unilever, Lipton Tea, and Lockheed Martin makes it an attractive location for businesses looking to establish a presence in the region. With its unique blend of history, infrastructure, and economic diversity, Suffolk is an excellent place to invest in Industrial Properties.
With 4 Industrial Properties for sale in Suffolk, investors have a range of options to choose from. Suffolk's industrial landscape is complemented by its other property types, including Warehouses, which offer flexible storage and logistics solutions; Land, which provides opportunities for development and expansion; Apartment Buildings, which cater to the city's growing residential population; and Commercial Real Estate, which supports the city's diverse range of businesses. Each of these property types benefits from Suffolk's strategic location, infrastructure, and economic diversity, making them attractive investments in their own right. Whether you're looking to invest in Industrial Properties or explore other opportunities, Suffolk has something to offer. With its unique blend of history, infrastructure, and economic diversity, Suffolk is an excellent place to invest in Industrial Properties, and its other property types are sure to attract attention from savvy investors.
What is the average price per square foot for industrial properties in Suffolk?
The average price per square foot for industrial properties in Suffolk is $163 USD, with 4 available listings ranging in size from 431,592 square feet to 1,612,529 square feet, offering a diverse range of options for investors and businesses looking to establish a presence in this major transportation hub.
How do location and transportation access affect industrial property values?
In Suffolk, Virginia, the location and transportation access of industrial properties significantly impact their values, with proximity to major highways, railroads, and waterways being highly desirable.
- Industrial properties located near U.S. Highways 17, 13, 58, 258, and 460, as well as Interstate 664, tend to have higher values due to their ease of access to regional and national markets.
- Properties situated near the Monitor-Merrimac Memorial Bridge-Tunnel, which connects Suffolk to Newport News, also benefit from increased accessibility and higher property values.
- Furthermore, industrial properties with waterfront access along the Nansemond and James rivers or proximity to the Port of Virginia can command premium prices due to their ability to facilitate efficient transportation of goods.
