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- LoopNet Team
11847 Jefferson Ave
Newport News, VA 23606
Retail Development Opportunity · Land For Sale
·
1.32 AC
INVESTMENT HIGHLIGHTS
- 1.32 Acre Development Site in Newport News, Virginia
- Average Household Income $83,319 Within a 3-Mile Radius
- High Traffic Location – More Than 60,000 Cars Per Day
- Excellent Location, only 10 Minutes Away from Newport News Williamsburg International Airport
PROPERTY FACTS
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 1.32 AC |
| Zoning | M-1 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.32 AC |
| Zoning | M-1 |
DESCRIPTION
Marcus and Millichap is pleased to exclusively list for sale the Former Steve’s Steakhouse located at 11847 Jefferson Avenue in Newport News, Virginia. This previously operating restaurant now stands vacant at the hard-corner signalized intersection of Jefferson Avenue and City Center Boulevard, which see more than 60,000 vehicles per day. The 7,351 square foot vacant building is situated on 1.32 acres of M-1 commercially zoned land in Newport News at the corner of two major thoroughfares leading towards Interstate 64. I-64 has, on average, over 159,309 vehicles per day. This once operating Steve’s Steakhouse is ideally situated for various types of developments. It is surrounded by a mix of both local businesses and national retail tenants such as Sonic, IHOP, Family Dollar, Aldi, Starbucks, Target, and more.
PROPERTY TAXES
| Parcel Number | 183.00-01-16 | Improvements Assessment | $506,000 |
| Land Assessment | $1,500,000 | Total Assessment | $2,006,000 |
PROPERTY TAXES
