For Sale
$1,595,000

12515 Warwick Blvd Newport News, VA 23606

19,939 SF Office, Vacant, High Traffic

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This 19,939-square-foot, three-story office building at 12515 Warwick Boulevard in Newport News, Virginia, presents a unique redevelopment opportunity. Situated on a 1.89-acre corner lot with high visibility and over 29,000 daily vehicle counts, the property boasts significant frontage on Warwick Boulevard. Currently vacant, the building features ten units, including two oversized first-floor suites (one a former bank with a large walk-in safe), and multiple second and third-floor suites with private restrooms. Some demolition and renovation work has already begun. The building, constructed in 1980, is classified as Class C and includes 65 parking spaces. Recent improvements include a roof replacement (2021), HVAC repairs/replacements (2019-2023), and partial window replacements (2021). The property is zoned O-1 (Office), offering potential for various uses, including apartment or condo conversion, renovation, or new construction. The asking price is $1,595,000, with a land value of approximately $1,231,700 per square foot. This prime location near Christopher Newport University in Hidenwood offers exceptional potential for investors and developers. The building's steel frame and masonry exterior are in average condition, with an effective age of 25 years.

Highlights

  • 19,939 SF three-story office building on a 1.89-acre corner lot.
  • Vacant, multi-tenant property with ten units, including two oversized first-floor suites (one a former bank with a walk-in safe).
  • Class C building, constructed in 1980, with a steel frame and masonry exterior; effective age 25 years.
  • 65 parking spaces (3.26 per 1,000 SF); Land-to-building ratio 4.13:1.
  • Recent improvements include roof replacement (2021), HVAC repairs/replacements (2019-2023), and partial window replacements (2021); interior demolition/renovations begun in 2023.
  • High visibility location on Warwick Boulevard in Newport News, VA, with over 29,000 daily vehicle counts; O-1 zoning allows for various uses.

Property Details for 12515 Warwick Blvd

Property type
Office properties, Medical offices
Square Feet
19,939 SF
Class
C
Year Built
1980
Stories
3
Lot Size (sq. ft)
82,328 SF
Units
10

Location Insight

City
Newport News
County
Hampton City
State
Virginia
Latitude
37.077594687952
Longitude
-76.495857714301

FAQs

What type of property is this?
Office property - 19,939 SF Office, Vacant, High Traffic
Where is the office property located?
The property is located at 12515 Warwick Blvd Newport News, VA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 19,939 SF three-story office building on a 1.89-acre corner lot.; Vacant, multi-tenant property with ten units, including two oversized first-floor suites (one a former bank with a walk-in safe).; Class C building, constructed in 1980, with a steel frame and masonry exterior; effective age 25 years.
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12515 Warwick Blvd
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