100 N. Main Street Sale Flyer...Available 2 nd Floor Space: 1,100 SF unit with beautiful window...

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30,560± SF OFFICE BUILDING ON 0.21± ACRE 100 N. MAIN STREET SUFFOLK, VA 23434 FOR SALE S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. FOR MORE INFORMATION, PLEASE CONTACT: Michael Zarpas, Owner/Agent 757.640.2235 (direct) | 757.286.1783 (mobile) [email protected] SALE PRICE: $4,300,000.00

Transcript of 100 N. Main Street Sale Flyer...Available 2 nd Floor Space: 1,100 SF unit with beautiful window...

Page 1: 100 N. Main Street Sale Flyer...Available 2 nd Floor Space: 1,100 SF unit with beautiful window lines on both Main Street and Washington Street. Site Size: 9,151 SF; 0.21 Acres Year

30,560± SF OFFICE BUILDING ON 0.21± ACRE 100 N. MAIN STREETSUFFOLK, VA 23434

FOR SALE

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR MORE INFORMATION, PLEASE CONTACT:Michael Zarpas, Owner/Agent757.640.2235 (direct) | 757.286.1783 (mobile)[email protected]

SALE PRICE:$4,300,000.00

Page 2: 100 N. Main Street Sale Flyer...Available 2 nd Floor Space: 1,100 SF unit with beautiful window lines on both Main Street and Washington Street. Site Size: 9,151 SF; 0.21 Acres Year

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR MORE INFORMATION, PLEASE CONTACT:Michael Zarpas, Owner/Agent757.640.2235 (direct) | 757.286.1783 (mobile)[email protected]

Cap Rate: 8%

Tenancy: The Suffolk School Board occupies floors 2-7 with a recent five-year lease extension. An art gallery occupies the first floor.

Location: Located in Suffolk’s Central Business District at the intersection of Main Street (Route 58) and Washington Street (Route 13).

Building Size: 7 stories with a 2-story connected annex; 30,560 GBA; 27,260 RSF; 1,100 RSF Available for Lease

Available 2nd Floor Space: 1,100 SF unit with beautiful window lines on both Main Street and Washington Street.

Site Size: 9,151 SF; 0.21 Acres

Year Built: 1919

Renovation: Complete historic renovation in 2003 (electrical, plumbing, HVAC, fire/safety, windows, and roof) with major updates in 2017 and 2018.

Zoning: CBD

Parking: Ample free parking is available in Suffolk. Municipal lots surround the building.

Assessment: Parcel: 353749000 350171000 351606000 TotalLand: $ 41,800 $ 28,700 $ 25,300 $ 95,800Improvements: $2,515,800 $184,800 $172,900 $2,873,500Total: $2,557,600 $213,500 $198,200 $2,969,300

Economic Incentive: The building is located in a City of Suffolk and State of Virginia Enterprise Zone. Various economic incentives are available.

Utilities: Water/Sewer: MunicipalElectricity: Dominion Virginia PowerTelephone: VerizonInternet: Verizon, voice over IP

Roof: New Firestone roof installed in 2003.

Hazardous Material: All hazardous materials have been removed from the building.

Fire/Safety: The building is sprinkled throughout. A new booster pump has been installed in the basement. The building is also equipped with a card key security system and safety intercom system with a central control panel.

Elevator: Two new high speed elevators have been installed.

HVAC: Individual roof mounted package units; two zones per floor.

Back-Up Generator: The building’s back-up power is provided by a 125kw Caterpillar Olympian Generator set.

Page 3: 100 N. Main Street Sale Flyer...Available 2 nd Floor Space: 1,100 SF unit with beautiful window lines on both Main Street and Washington Street. Site Size: 9,151 SF; 0.21 Acres Year

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR MORE INFORMATION, PLEASE CONTACT:Michael Zarpas, Owner/Agent757.640.2235 (direct) | 757.286.1783 (mobile)[email protected]

Page 4: 100 N. Main Street Sale Flyer...Available 2 nd Floor Space: 1,100 SF unit with beautiful window lines on both Main Street and Washington Street. Site Size: 9,151 SF; 0.21 Acres Year

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR MORE INFORMATION, PLEASE CONTACT:Michael Zarpas, Owner/Agent757.640.2235 (direct) | 757.286.1783 (mobile)[email protected]

Page 5: 100 N. Main Street Sale Flyer...Available 2 nd Floor Space: 1,100 SF unit with beautiful window lines on both Main Street and Washington Street. Site Size: 9,151 SF; 0.21 Acres Year

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR MORE INFORMATION, PLEASE CONTACT:Michael Zarpas, Owner/Agent757.640.2235 (direct) | 757.286.1783 (mobile)[email protected]

Page 6: 100 N. Main Street Sale Flyer...Available 2 nd Floor Space: 1,100 SF unit with beautiful window lines on both Main Street and Washington Street. Site Size: 9,151 SF; 0.21 Acres Year

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR MORE INFORMATION, PLEASE CONTACT:Michael Zarpas, Owner/Agent757.640.2235 (direct) | 757.286.1783 (mobile)[email protected]

Page 7: 100 N. Main Street Sale Flyer...Available 2 nd Floor Space: 1,100 SF unit with beautiful window lines on both Main Street and Washington Street. Site Size: 9,151 SF; 0.21 Acres Year

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR MORE INFORMATION, PLEASE CONTACT:Michael Zarpas, Owner/Agent757.640.2235 (direct) | 757.286.1783 (mobile)[email protected]

Page 8: 100 N. Main Street Sale Flyer...Available 2 nd Floor Space: 1,100 SF unit with beautiful window lines on both Main Street and Washington Street. Site Size: 9,151 SF; 0.21 Acres Year

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR MORE INFORMATION, PLEASE CONTACT:Michael Zarpas, Owner/Agent757.640.2235 (direct) | 757.286.1783 (mobile)[email protected]

Page 9: 100 N. Main Street Sale Flyer...Available 2 nd Floor Space: 1,100 SF unit with beautiful window lines on both Main Street and Washington Street. Site Size: 9,151 SF; 0.21 Acres Year

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR MORE INFORMATION, PLEASE CONTACT:Michael Zarpas, Owner/Agent757.640.2235 (direct) | 757.286.1783 (mobile)[email protected]

Page 10: 100 N. Main Street Sale Flyer...Available 2 nd Floor Space: 1,100 SF unit with beautiful window lines on both Main Street and Washington Street. Site Size: 9,151 SF; 0.21 Acres Year

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR MORE INFORMATION, PLEASE CONTACT:Michael Zarpas, Owner/Agent757.640.2235 (direct) | 757.286.1783 (mobile)[email protected]

Page 11: 100 N. Main Street Sale Flyer...Available 2 nd Floor Space: 1,100 SF unit with beautiful window lines on both Main Street and Washington Street. Site Size: 9,151 SF; 0.21 Acres Year

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR MORE INFORMATION, PLEASE CONTACT:Michael Zarpas, Owner/Agent757.640.2235 (direct) | 757.286.1783 (mobile)[email protected]

Page 12: 100 N. Main Street Sale Flyer...Available 2 nd Floor Space: 1,100 SF unit with beautiful window lines on both Main Street and Washington Street. Site Size: 9,151 SF; 0.21 Acres Year

S.L. Nusbaum Realty Co. | 1700 Wells Fargo Center | 440 Monticello Avenue | Norfolk, VA 23510 | 757.627.8611 | slnusbaum.com

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR MORE INFORMATION, PLEASE CONTACT:Michael Zarpas, Owner/Agent757.640.2235 (direct) | 757.286.1783 (mobile)[email protected]


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