For Sale
$2,300,000

11847 Jefferson Point LnNewport News, VA 23606

Prime location, redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1.32-acre property at 11847 Jefferson Ave, Newport News, VA 23606, is offered for sale at $2,300,000. The 7,351 square foot building, situated on a signalized corner with excellent visibility, boasts a new roof and ample parking (111 spaces). Currently vacant, the property is zoned M1 (Light Industrial), presenting a unique redevelopment opportunity. With a daily traffic count of 49,000 vehicles on Jefferson Avenue, this location offers unparalleled exposure. Its proximity to City Center at Oyster Point (3 minutes) and Marketplace at Tech Center (4 minutes) further enhances its appeal. The property's versatility allows for various adaptive reuses, including medical, hotel, multifamily, retail, and self-storage, subject to necessary zoning changes. The seller is open to negotiating the timing of rezoning for suitable buyers. A ground lease option is also available. This is a truly remarkable opportunity to acquire a high-traffic, strategically located property in a thriving area of Newport News. The property's size, location, and potential for diverse uses make it an exceptional investment.

Highlights

  • High-visibility corner lot with signalized intersection.
  • Excellent street visibility.
  • High traffic counts: 49,000 vehicles per day on Jefferson Avenue.
  • 7,351-square-foot building with a new roof.
  • Abundant parking.
  • Zoning allows for diverse redevelopment options, including medical, hotel, multifamily, retail, and self-storage uses.

Property Details for 11847 Jefferson Point Ln

Property type
Day care centers & nurseries, Retail properties
Square Feet
7,351 SF
Buildings
1
Lot Size (sq. ft)
57,499 SF

Location Insight

City
Newport News
County
Warwick
State
Virginia
Latitude
37.1038714
Longitude
-76.4944472
11847 Jefferson Point Ln, Newport News, Virginia

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11847 Jefferson Point Ln
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