Log In/Sign Up
Your email has been sent.
Prime Signalized Corner 11847 Jefferson Ave 7,351 SF Retail Building Newport News, VA 23606 $2,200,000 ($299.28/SF)
INVESTMENT HIGHLIGHTS
- Prime signalized corner.
- Big traffic count: 49,000 vpd on Jefferson Ave.
- Ample parking.
- Excellent visibility.
- Existing building is 7,351sf and has new roof.
- Many adaptable reuses with zoning change including medical, hotel, multifamily, retail, and self-storage.
EXECUTIVE SUMMARY
SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale the Fulan Sweet Distribution Center property located at 11847 Jefferson Avenue, Newport News, Virginia 23606.
This property, a former restaurant, sits on 1.32ac of land at a signalized corner with prime visibility. The traffic count on Jefferson Avenue is 49,000 vpd. The property is currently zoned M1 which is for light industrial use. Retail uses will need a rezoning, which is part of the city’s master plan for the area. This section of Newport News is 3 minutes to City Center at Oyster Point (mixed use) and 4 minutes to Marketplace at Tech Center (Whole Foods, Ulta, P.F. Chang's).
This property, a former restaurant, sits on 1.32ac of land at a signalized corner with prime visibility. The traffic count on Jefferson Avenue is 49,000 vpd. The property is currently zoned M1 which is for light industrial use. Retail uses will need a rezoning, which is part of the city’s master plan for the area. This section of Newport News is 3 minutes to City Center at Oyster Point (mixed use) and 4 minutes to Marketplace at Tech Center (Whole Foods, Ulta, P.F. Chang's).
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,351 SF
Building Class
C
Year Built/Renovated
1974/2023
Price
$2,200,000
Price Per SF
$299.28
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.32 AC
Zoning
M-1 - Light Industrial. City will allow most retail and office uses as part of the city's master plan. However, those uses will need rezoning approval.
Parking
113 Spaces (15.37 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 183.00-01-16 | Improvements Assessment | $506,000 |
| Land Assessment | $1,500,000 | Total Assessment | $2,006,000 |
PROPERTY TAXES
Parcel Number
183.00-01-16
Land Assessment
$1,500,000
Improvements Assessment
$506,000
Total Assessment
$2,006,000
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Prime Signalized Corner | 11847 Jefferson Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.