Suffolk, VA 23434 - Suffolk City County

EXECUTIVE SUMMARY

The Cotton Rose Farm spans 363 acres of prime development land outlined in the Suffolk City 2035 Comprehensive Plan. Situated at the intersection of Matoaka Road and Mockingbird Lane, the property offers an access corridor leading to Kings Fork Road. Suffolk, experiencing rapid growth within Hampton Roads, attracts homebuyers seeking its allure. Potential buyers will find appeal in the property's secluded setting, coupled with convenient access to the burgeoning retail hub along Godwin Boulevard, which includes Sentara Obici Hospital, King's Fork High School, and the Suffolk Bypass. With a projected 6.5 percent increase in the city's population and a 6.9 percent rise in housing units by 2026, with more than half of this growth anticipated in zip code 23434, the property holds significant investment potential.

Call Hall and Hall Auctions today to request a brochure!

1-800-829-8747

Auction Date and Location:

- Wednesday, May 15th 10:00 AM ET

- Held at Hilton Garden Inn

100 East Constance Road, Suffolk, Virginia 23434

Information Days:

- Wednesday, April 17th from 1:00 PM to 3:00 PM ET

- Saturday, April 27th from 1:00 PM to 3:00 PM ET

- Wednesday, May 1st from 1:00 PM to 3:00 PM ET

- Saturday, May 4th from 1:00 PM to 3:00 PM ET

Meet an auction representative at the Main House on Tract 1 to tour the property and learn more about the auction process. Contract Hall and Hall to schedule additional showings.

JUST THE FACTS

363 acres of prime development land in an area with rapid population growth

Four homes, including a luxury waterfront estate

Open farmland surrounded by beautiful wooded areas

Farmland currently in cotton production

Short Drive to the recreational area of Virginia Beach

LOCATION

The Cotton Rose Farm is conveniently located just seven miles north of downtown Suffolk, Virginia.

Directions from Godwin Boulevard (VA-10/32) and the Suffolk Northern Bypass (VA-13/58):

- Continue north on Godwin Boulevard (VA-10/32) for 1.4 miles.

- Turn left onto Kings Fork Road and continue for 1.3 miles. You will pass one entrance to Tract 8 just before reaching Matoaka Road.

- Turn right onto Matoaka Road and continue for 0.4 miles to Tract 5. Continue along Matoaka Road to find Tract 6 and Tract 7.

- Turn right onto Mockingbird Lane and continue as you pass Tract 5, Tract 8, Tract 3, Tract 4, Tract 2, and Tract 1 (Main House).

LOCALE

Suffolk, Virginia, offers a range of qualities that make it an attractive place to live:

- Historic Charm: Suffolk has a rich history, with many historic sites and buildings that add character to the city. It offers a blend of old-world charm and modern amenities.

- Natural Beauty: The city is surrounded by picturesque landscapes, including rivers, forests, and farmland. Residents can enjoy outdoor activities like hiking, fishing, and boating in the scenic countryside.

- Affordable Housing: Suffolk generally offers more affordable housing options compared to nearby cities like Norfolk or Virginia Beach. This makes it an appealing choice for families, young professionals, and retirees looking to buy a home or rent.

- Strong Community: Suffolk has a strong sense of community, with many local events, festivals, and activities that bring residents together. There are also numerous community organizations and volunteer opportunities for those who want to get involved.

- Good Schools: The city is home to several highly-rated public schools, making it an attractive option for families with children. Suffolk also has access to higher education institutions within driving distance, such as Old Dominion University and Norfolk State University.

- Convenient Location: Suffolk's location provides easy access to major highways and transportation hubs, making it convenient for commuters to nearby cities like Norfolk, Virginia Beach, and Chesapeake. Additionally, it's within a reasonable driving distance to attractions like Virginia Beach and Williamsburg.

- Growing Economy: Suffolk has a diverse economy with opportunities in industries such as agriculture, manufacturing, healthcare, and retail. The city has seen steady growth in recent years, providing employment opportunities for residents.

- Safety: Suffolk is known for its relatively low crime rate compared to larger cities in the region. This contributes to a sense of safety and security for residents.

ACREAGE (DEEDED & LEASED)

- Tract 1: 11.5 acres

- Tract 2: 39.3 acres

- Tract 3: 89.3 acres

- Tract 4: 39 acres

- Tract 5: 123 acres

- Tract 6: 5 acres

- Tract 7: 42.5 acres

- Tract 8: 14 acres

Total Acres: 363 acres

Deeded Acres: 363

Total Leased Acres: 0

Total Acres: 363

MINERAL RIGHTS

All the Sellers owned mineral interest will transfer to the Buyer(s).