900 Jefferson Ave Industrial Site
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900 Jefferson Ave Industrial Site
3 Industrial Properties Offered at $3,450,000 in Newport News, VA
Virtual Tour
Investment Highlights
- Capitalize on a rare redevelopment opportunity offering 5.9 acres zoned M-2 for heavy industrial use with three existing industrial buildings.
- Meet all distribution needs with immediate access to Interstate 664, delivering a seamless connection to Interstates 64 and 264 and Norfolk.
- Benefit from the robust infrastructure ideal for logistics operations and the property's superior location within 20 miles of four marine terminals.
- Improved by 86,630 SF of industrial space, featuring varying ceiling heights, dock doors, grade-level doors, and 3-phase, 480-volt electrical service.
- Strategically positioned in the Hampton Roads MSA minutes from the Newport News Marine Terminal and Newport News Shipbuilding.
- Situated within a HUB zone, Enterprise Zone #3, Opportunity Zone, and New Market Tax Credit Zone.
Executive Summary
900 Jefferson Avenue is a prime heavy industrial site offering a one-of-a-kind redevelopment opportunity near several ports and a shipyard in the Hampton Roads MSA. This 5.9-acre site is zoned M-2 for heavy industrial use. It is improved by three industrial warehouse buildings totaling 86,630 square feet, featuring varying ceiling heights and column spacing, dock doors, grade-level doors, and wet fire suppression systems. The property is strategically within a HUB zone, Enterprise Zone #3, Opportunity Zone, and New Market Tax Credit Zone, benefitting from potential tax credits and economic assistance.
Located in Newport News, Virginia, 900 Jefferson Avenue thrives in an advantageous location with quick access to interstates, population centers, railroad intermodals, and ports. The property's positioning along the main corridor of Jefferson grants it superior access to Interstate 664, delivering seamless connections to nearby terminals, along with Interstates 64 and 264. Within a 20-mile radius of the site are several terminals and ports served by the Port of Virginia, including the Portsmouth Marine Terminal, the Norfolk International Terminal, and the Virginia International Gateway. 900 Jefferson Avenue is also just five minutes from the Newport News Marine Terminal and Newport News Shipbuilding.
Demand for the Hampton Roads region's industrial space is expected to remain positive for much of this year. This rally in demand can be attributed to the Port of Virginia's consistent growth as an increasingly prominent entry point for imports to the Mid-Atlantic. The consistent growth of the Port of Virginia, coupled with the region's infrastructure prime for logistics operations, are some of the many reasons major businesses are attracted to this area. 900 Jefferson Avenue is primed to offer an ideal redevelopment opportunity.
Located in Newport News, Virginia, 900 Jefferson Avenue thrives in an advantageous location with quick access to interstates, population centers, railroad intermodals, and ports. The property's positioning along the main corridor of Jefferson grants it superior access to Interstate 664, delivering seamless connections to nearby terminals, along with Interstates 64 and 264. Within a 20-mile radius of the site are several terminals and ports served by the Port of Virginia, including the Portsmouth Marine Terminal, the Norfolk International Terminal, and the Virginia International Gateway. 900 Jefferson Avenue is also just five minutes from the Newport News Marine Terminal and Newport News Shipbuilding.
Demand for the Hampton Roads region's industrial space is expected to remain positive for much of this year. This rally in demand can be attributed to the Port of Virginia's consistent growth as an increasingly prominent entry point for imports to the Mid-Atlantic. The consistent growth of the Port of Virginia, coupled with the region's infrastructure prime for logistics operations, are some of the many reasons major businesses are attracted to this area. 900 Jefferson Avenue is primed to offer an ideal redevelopment opportunity.
Sale Flyer
Property Facts
| Price | $3,450,000 | Number of Properties | 3 |
| Price / SF | $39.82 / SF | Individually For Sale | 0 |
| Sale Conditions | Redevelopment Project | Total Building Size | 86,630 SF |
| Sale Type | Investment | Total Land Area | 17.70 AC |
| Status | Active |
| Price | $3,450,000 |
| Price / SF | $39.82 / SF |
| Sale Conditions | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 86,630 SF |
| Total Land Area | 17.70 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Building 1
900 Jefferson Ave, Newport News, VA 23607 |
Industrial | 48,000 SF | - | - |
|
Building 3
900B Jefferson Ave, Newport News, VA 23607 |
Industrial | 24,630 SF | - | - |
|
Building 4
900C Jefferson Ave, Newport News, VA 23607 |
Industrial | 14,000 SF | - | - |
Sale Advisors
Sale Advisors
Bobby Beasley III, Vice President
(757) 640-8241
Contact
Bobby joined Harvey Lindsay in 2010 as a Property Manager and was responsible for supervising the routine maintenance and the overall operations of over 744,000 square feet of retail, office, and industrial properties. Along with the property’s daily operations, he coordinated and supervised capital improvement projects, which included both tenant improvements and building alterations. Bobby was also responsible for providing financial reports for his owners, including the operating budgets, tenant rent collections, and monthly operating reports.
After serving as a Property Manager for four years, Bobby made the transition into Brokerage to focus on sales and leasing. He concentrates on industrial and office properties while also serving his retail clients. Bobby strives to remain current on the market and prepared to uncover off-market opportunities for his clients. Bobby is licensed to conduct real estate transactions in both Virginia and North Carolina.
Bobby has previously worked in the maritime industry throughout Hampton Roads and also spent numerous years in retail sales and management. While attending Hampden-Sydney College he completed an internship program with Venture Realty Group, previously known as Ellis-Gibson Development Group.
After serving as a Property Manager for four years, Bobby made the transition into Brokerage to focus on sales and leasing. He concentrates on industrial and office properties while also serving his retail clients. Bobby strives to remain current on the market and prepared to uncover off-market opportunities for his clients. Bobby is licensed to conduct real estate transactions in both Virginia and North Carolina.
Bobby has previously worked in the maritime industry throughout Hampton Roads and also spent numerous years in retail sales and management. While attending Hampden-Sydney College he completed an internship program with Venture Realty Group, previously known as Ellis-Gibson Development Group.
Clark Baldwin, Senior Vice President
(757) 640-9290
Contact
Clark serves as Senior Vice President and Supervising Broker of the Virginia Peninsula office of Harvey Lindsay Commercial Real Estate, a position he has held since 2009. He is also a member of the Board of Directors.
He previously worked at Advantis Real Estate holding various positions during his 23-year tenure to include his last role as Managing Director of the Hampton Roads market. In that capacity, he oversaw 30 brokers and 9 support staff whose collective revenue production exceeded $6 million.
In 2010 and 2013 he was named Employee of the Year for Harvey Lindsay Commercial Real Estate, and in 2007 he was awarded the President’s Award for Advantis. He holds a Bachelor of Arts Degree from the University of Virginia, and is a Certified Commercial Investment Member, (CCIM)
He previously worked at Advantis Real Estate holding various positions during his 23-year tenure to include his last role as Managing Director of the Hampton Roads market. In that capacity, he oversaw 30 brokers and 9 support staff whose collective revenue production exceeded $6 million.
In 2010 and 2013 he was named Employee of the Year for Harvey Lindsay Commercial Real Estate, and in 2007 he was awarded the President’s Award for Advantis. He holds a Bachelor of Arts Degree from the University of Virginia, and is a Certified Commercial Investment Member, (CCIM)
Sam Jones, General Brokerage Services
(757) 782-4154
Contact
Sam is a native of Hampton Roads and passionate about making our region a place where businesses and families can thrive and future generations feel invested in our communities. He is a member of our Peninsula Sales and Leasing team and has strong customer focus that stems from years of experience running a landscaping business in Williamsburg. He takes pride in developing meaningful long-lasting relationships and connections with his clients.
Sam is a recent graduate, Summa Cum Laude, from Virginia Tech’s Pamplin College of Business, where he was also a member of the men’s club lacrosse team and a student financial coach. His internship experience included financial planning, M&A transactions, and management consulting.
He has a keen understanding of the Hampton Roads region and its surrounding markets and enjoys the research and analysis necessary to complete real estate transactions.
Sam is a recent graduate, Summa Cum Laude, from Virginia Tech’s Pamplin College of Business, where he was also a member of the men’s club lacrosse team and a student financial coach. His internship experience included financial planning, M&A transactions, and management consulting.
He has a keen understanding of the Hampton Roads region and its surrounding markets and enjoys the research and analysis necessary to complete real estate transactions.
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Bobby Beasley III -
Power Broker Clark Baldwin -
Sam Jones -
Harvey Lindsay Commercial Real Estate
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