"Cotton Rose Farm"--363 +/- Acres w/4 Homes in 8 Tracts--Suffolk, VA
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 home buyers 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.
NOTE: Auction will be conducted off site at the Hilton Garden Inn, 100 East Constance Rd., Suffolk, VA 23434
Description
Auction conducted in cooperaton & partnership with Hall and Hall Auctions
Please contact Scott Shuman (970-716-2120) with all questions, to receive a brochure, online bidding information, broker participation information & more!! For interactive maps and tract information, please visit HallandHall.com.
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
Tract 1
Retreat, Fishing, Estate/Major Residence, Resort, Coastal | Suffolk, VADeeded Acres11±
Tracts 2, 3, 4, & 7
Farm, Recreational, Development | Suffolk, VADeeded Acres210±
Tract 5
Farm, Recreational, Development | Suffolk, VADeeded Acres123±
Tract 6
Retreat, Recreational, Resort, Development | Suffolk, VADeeded Acres5±
Tract 8
Timber, Recreational, Development | Suffolk, VADeeded Acres14±
Terms and Conditions
SUMMARY OF TERMS:
- A 10% earnest money deposit of the total contract price will be due immediately from all successful bidders.
- A 10% buyer’s premium will be added to the high bid to determine the total purchase price.
- The property is being sold “AS IS, WHERE IS” and without any contingencies, including financing.
- The Closing for Tract 1 will be set for 60 days from the auction date and Closing for Tracts 2 - 8 will be set for 45 days from the auction date or as soon thereafter as closing documents are available.
- Broker participation is available. Contact our office for details. (970-716-2120)
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