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2510 Jefferson Avenue 2510 Jefferson Ave
452 - 1,894 SF of Space Available in Newport News, VA 23607
Highlights
- Jefferson Avenue frontage
- Minutes from Downtown
- Parking located at the rear of building
- Convenient access to I-664
- Located within Enterprise Zone and HUBZone
Space Availability (4)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 467 SF | 2-5 Years | $20.55 /SF/YR $1.71 /SF/MO $221.20 /m²/YR $18.43 /m²/MO $799.74 /MO $9,597 /YR | Modified Gross | ||
| 1st Floor | 452 SF | 2 Years | $22.56 /SF/YR $1.88 /SF/MO $242.83 /m²/YR $20.24 /m²/MO $849.76 /MO $10,197 /YR | Modified Gross | ||
| 2nd Floor, Ste 1 | 489 SF | 2-5 Years | $18.40 /SF/YR $1.53 /SF/MO $198.06 /m²/YR $16.50 /m²/MO $749.80 /MO $8,998 /YR | Modified Gross | ||
| 2nd Floor, Ste 2 | 486 SF | 2-5 Years | $18.51 /SF/YR $1.54 /SF/MO $199.24 /m²/YR $16.60 /m²/MO $749.66 /MO $8,996 /YR | Modified Gross |
1st Floor
Retail space currently being renovated. Photos available soon. Letters of intent, along with supporting information, should be submitted to Darius Turner at turnerdl@nnva.gov. Newport News EDA will begin reviewing submissions on July 1, 2024, and on a rolling basis thereafter. Please refer to the attached brochure for supporting information.
- Listed rate may not include certain utilities, building services and property expenses
1st Floor
Cafe space is currently being renovated. Photos available soon. Letters of intent, along with supporting information, should be submitted to Darius Turner at turnerdl@nnva.gov. Newport News EDA will begin reviewing submissions on July 1, 2024, and on a rolling basis thereafter. Please refer to the attached brochure for supporting information.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
2nd Floor, Ste 1
Office space currently being renovated. Photos available soon. Letters of intent, along with supporting information, should be submitted to Darius Turner at turnerdl@nnva.gov. Newport News EDA will begin reviewing submissions on July 1, 2024, and on a rolling basis thereafter. Please refer to the attached brochure for supporting information.
- Listed rate may not include certain utilities, building services and property expenses
- Fits 2 - 4 People
- Can be combined with additional space(s) for up to 975 SF of adjacent space
2nd Floor, Ste 2
Office space currently being renovated. Photos available soon. Letters of intent, along with supporting information, should be submitted to Darius Turner at turnerdl@nnva.gov. Newport News EDA will begin reviewing submissions on July 1, 2024, and on a rolling basis thereafter. Please refer to the attached brochure for supporting information.
- Listed rate may not include certain utilities, building services and property expenses
- Fits 2 - 4 People
- Can be combined with additional space(s) for up to 975 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 2510 Jefferson Ave , Newport News, VA 23607
| Total Space Available | 1,894 SF | Gross Leasable Area | 1,894 SF |
| Max. Contiguous | 975 SF | Year Built/Renovated | 1930/2024 |
| Property Type | Retail |
| Total Space Available | 1,894 SF |
| Max. Contiguous | 975 SF |
| Property Type | Retail |
| Gross Leasable Area | 1,894 SF |
| Year Built/Renovated | 1930/2024 |
About the Property
This mixed-use building preserves a component of the historic Black business district on Jefferson Avenue. The nearly 100-year-old property was redeveloped into office and retail space, maintaining the fabric of the corridor while creating new business opportunity. The EDA played an important role in securing two $250,000 grants from the Port Host Communities Revitalization Fund and Industrial Revitalization Fund, both of which are administered by the Virginia Department of Housing and Community Development. The $500,000 in grant funds supported the rehabilitation of 2510 Jefferson Avenue as part of the implementation of the Choice Neighborhood Initiative and associated Neighborhood Plan.
-
Darius Turner -
Newport News Department of Development
Learn More About Leasing Retail Properties
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2510 Jefferson Avenue | 2510 Jefferson Ave
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