UNDER CONTRACT!! Great Opportunity for Residential Investment in Suffolk Virginia!

$225,000
Suffolk, VA
1.0 acres

1029 Nansemond Parkway
Suffolk, VA 23434
United States

Pending
This listing is provided by Land and Farms Realty.

This property can be renovated to a single family home, used for apartments, or be used for civic groups; many possibilities await the investor!

Great opportunity with numerous possibilities for the investor or if you have local community organization or a church looking for a meeting place. Traditional use has been the meeting place for a local Ruritan Club. Would make a great home with some rehab and renovation. It has a large kitchen, 2 half bathrooms, storage rooms, shed, and a pole barn all on 1 acre. No bedrooms or full bath at this time. Replacement windows throughout and new exterior doors. Possible use could be multi-unit apartment building-8-12 units with a minor change in zoning. Large 1 acre lot is partially paved. It could also make a great location to rent out for events for a civic group. Present income is $1,000 for 1.5 days a week to a small local church. Has city water, and sewer is out front. Heat & air is 4-5 years old. Convenient to all of Suffolk with shopping, banks, restaurants, & hospital. One signal light and off to all of Hampton Roads, non-stop.  Call Danny Graham at 757-613-6059.

Suffolk is located in the Hampton Roads metropolitan area which also includes the independent cities of Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, and Virginia Beach, as well as other smaller cities, counties, and towns of Hampton Roads. With miles of waterfront property on the Nansemond and James River, present day Suffolk was formed in 1974 after consolidating with Nansemond County and the towns of Holland and Whaleyville.

Suffolk was founded by English colonists in 1742 as a port town on the Nansemond River in the Virginia Colony. Originally known as Constant's Warehouse, for John Constant, Suffolk was renamed after Royal Governor William Gooch's home of Suffolk, a county in East Anglia, England. Before European contact, indigenous American tribes lived in the region for thousands of years. At the time of English settlement, the Nansemond Indians lived along the river. In the early colonial years, the English cultivated tobacco as a commodity crop, but later turned to mixed farming. It became the county seat of Nansemond County in 1750.

Early in its history, Suffolk became a land transportation gateway to the areas east of it in South Hampton Roads. Before the American Civil War, both the Portsmouth and Roanoke Railroad and the Norfolk and Petersburg Railroad were built through Suffolk, early predecessors of 21st century Class 1 railroads operated by CSX Transportation and Norfolk Southern, respectively. Other railroads and later major highways followed after the war.

Suffolk became an incorporated town in 1808. In 1910, it incorporated as a city and separated from Nansemond County. However, it remained the seat of Nansemond County until 1972, when its former county became the independent city of Nansemond. In 1974, the independent cities of Suffolk and Nansemond merged under Suffolk's name and charter.

Peanuts grown in the surrounding areas became a major industry for Suffolk. Notably, Planters' Peanuts was established in Suffolk beginning in 1912. Suffolk was the 'birthplace' of Mr. Peanut, the mascot of Planters' Peanuts. For many years, the call-letters of local AM radio station WLPM stood for World's Largest Peanut Market.

For more information on this and other land for sale in Suffolk County, contact Danny Graham at (757) 613-6059 or by email at dgraham@mossyoakproperties.com, or visit landandfarmsrealty.com.

Last updated
June 30, 2022
MLS ID / MOPLS ID
29321
Development
Residential
Address

1029 Nansemond Parkway
Suffolk, VA 23434

Acreage
1.00
Bathrooms
3
MLS ID / MOPLS ID
29321
Price
$225,000

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