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1368 Progress Rd

101,334 SF 4-Star Industrial Building Suffolk, VA 23434 $7,900,000 ($78/SF)

Industrial Properties Virginia Suffolk 1368 Progress Rd, Suffolk, VA 23434

Executive Summary

1368 Progress Road, Suffolk, Virginia, a unique opportunity to acquire approximately 125,000 square feet of buildings situated on 21.44 acres within a short distance of the thriving Port of Virginia marine terminals.
The 1368 Progress Road parcel consists of 5 structures including the main plant (±126,733 SF multi-story structure) with an office area, locker rooms/cafe, multi-story manufacturing area, shipping/receiving area, blast freezer, and cold storage area. Additional buildings include a mechanical building (±18,032 SF), chemical storage building, and covered storage area.
Located within the Wilroy Industrial Park in Suffolk, Virginia, the property has M-2 Heavy Industrial zoning, which allows for a variety of industrial uses. The plant is available for immediate possession.

Attachments

eflyer 1368 Progress Rd 122024
1368 Progress Road Equipment 122024

Property Facts

Price $7,900,000 Rentable Building Area 101,334 SF
Price Per SF $78 No. Stories 2
Sale Type Investment or Owner User Year Built 2004
Property Type Industrial Tenancy Single
Property Subtype
Food Processing
  • Industrial Manufacturing
  • Industrial Refrigeration ColdStorage
  • Industrial Warehouse
 Parking Ratio 1.53/1,000 SF
Building Class A No. Dock-High Doors/Loading 6
Lot Size 21.44 AC No. Drive In / Grade-Level Doors 2
Price $7,900,000
Price Per SF $78
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Food Processing
  • Industrial Manufacturing
  • Industrial Refrigeration ColdStorage
  • Industrial Warehouse
Building Class A
Lot Size 21.44 AC
Rentable Building Area 101,334 SF
No. Stories 2
Year Built 2004
Tenancy Single
Parking Ratio 1.53/1,000 SF
No. Dock-High Doors/Loading 6
No. Drive In / Grade-Level Doors 2

Amenities

  • Cooler
  • Fenced Lot
  • Skylights
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PROPERTY TAXES

Parcel Number 304296200 Improvements Assessment $10,679,700
Land Assessment $1,067,800 Total Assessment $11,747,500

PROPERTY TAXES

Parcel Number
304296200
Land Assessment
$1,067,800
Improvements Assessment
$10,679,700
Total Assessment
$11,747,500

zoning

Zoning Code M-2 (Heavy Industrial)
M-2 (Heavy Industrial)
(757) 270-6956

Contact

  • Listing ID: 26089082

  • Date on Market: 7/5/2022

  • Last Updated:

  • Address: 1368 Progress Rd, Suffolk, VA 23434

More public record information on 1368 Progress Rd, Suffolk, VA 23434

The Industrial Property at 1368 Progress Rd, Suffolk, VA 23434 is currently available for sale. Contact NAI Dominion Hampton Roads for more information.

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1368 Progress Rd
(757) 270-6956 x

1368 Progress Rd

Matt Wilbricht

(757) 270-6956

(757) 270-6956

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