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1061 Centerpoint Dr
Suffolk, VA 23434

Lot 23 · Industrial Property For Sale

Investment Highlights

  • Elevation Approximately 65'-68'. Not in Flood Zone
  • ICE Futures Coffee Certified Warehouse Eligibility
  • No Port Markets to the South Provide Such 2-Day Coverage
  • Eligibility for Foreign Trade Zone 20, Administered by the Virginia Port Authority
  • Superior Truckload and Ground Parcel Transit Service, Offering 2-Day Transit for Entire East Coast

Executive Summary

1061 Centerpoint Drive is a fully entitled 10.17 acre site with approved site plan and prepared architectural drawings ready for construction. The 124,800 SF proposed Class A warehouse development has immediate access to Centerpoint Drive with all utilities to curb. The Virginia Port Logistics Park (“VPLP”) is a 932-acre industrial development located in proximity to the thriving Port of Virginia. VPLP is home to nearly 4.6 million square feet of Class A logistics properties, including three brand new buildings totaling 934,000 SF completed in 2022, and two additional build-to-suit properties totaling 1.7 million SF delivering in 2023.

PROPERTY FACTS

Sale Type Investment or Owner User
Sale Conditions Tenants option to buy property
Property Type Industrial
Property Subtype
Distribution
  • Industrial Manufacturing
  • Industrial Warehouse
Building Class A
Lot Size 10.00 AC
Construction Status Proposed
Rentable Building Area 124,800 SF
Number of Floors 1
Year Built 2025
Tenancy Single
Clear Ceiling Height 32 ft
No. Dock-High Doors/Loading 29
Level Access Doors 2

Utilities

  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
154000646
Land Assessment
£407,162
Improvements Assessment
£0
Total Assessment
£407,162

zoning

Zoning Code M-2 (Heavy Industrial)
M-2 (Heavy Industrial)
  • Listing ID: 32540910

  • Date on Market: 22/07/2024

  • Last Updated:

  • Address: 1061 Centerpoint Dr, Suffolk, VA 23434

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