804-320-5500
200 Kilby Shores Dr, Suffolk, VA for Sale
Apartments - FOR SALE
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200 Kilby Shores Dr
Suffolk, VA 23434


OVERVIEW

Built in 1950, the property features durable mid-century construction across two-story buildings, offering functional floor plans with a solid structural foundation ideal for value-add renovations. Beyond the existing units, the property includes additional acreage that offers a rare opportunity for future development, providing an investor with multiple pathways to maximize the site’s density and long-term upside. Its location within the Suffolk City Public Schools district further enhances its appeal to family-oriented tenants, supporting historically stable occupancy levels. Strategically positioned minutes from Downtown Suffolk, residents enjoy convenient access to the boutique retail, dining, and cultural events highlighted by Downtown Suffolk, VA. The property is also central to the region’s major economic engines, including the North Suffolk technology corridor and defense-related job centers. This growth is bolstered by new mixed-use developments along Harbour View Boulevard, as noted by Suffolk Economic Development. With seamless commuting to Chesapeake and Norfolk and proximity to the Great Dismal Swamp National Wildlife Refuge, Berkley Gardens combines stable demand drivers with significant expansion potential.

FOR SALE DETAILS

PRICE

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# OF UNITS

24

CAP RATE

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% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Berkley Gardens Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

44

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

RC

APN/PARCEL ID

150263500

ASK ABOUT THIS PROPERTY

Peyton CoxCBREMore Info
804-320-5500

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Peyton CoxCBREMore Info
804-320-5500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.