600-604 W Washington St - Storefront Retail/Office FOR SALE


Suffolk, VA 23434
$754,880 USD
757-995-8455
600-604 W Washington St, Suffolk, VA for Sale
$754,880 USD
Storefront Retail/Office - FOR SALE
1/62
null | 7.5% Cap Rate

600-604 W Washington St
Suffolk, VA 23434


OVERVIEW

Stabilized downtown retail and office investment opportunity in the heart of Suffolk's Central Business District. 600–604 W Washington Street is a fully leased, 3,500 SF two-suite commercial property generating $56,616 in annual gross income with immediate cash flow. 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.

FOR SALE DETAILS

PRICE

$754,880 USD

PRICE/SF

$210 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

CROSS STREETS

Broad St

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

CBD

APN/PARCEL ID

350639000

ASK ABOUT THIS PROPERTY

Brett PykaSupreme Real Estate GroupMore Info
757-995-8455

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Brett PykaSupreme Real Estate GroupMore Info
757-995-8455

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