For Sale
$500,000

10749 Jefferson AveNewport News, VA 23601

Prime Newport News Commercial Property

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional commercial property, located at 10749 Jefferson Avenue in Newport News, Virginia, presents a unique investment opportunity. The 14,000 square foot building sits on a sizable 0.89-acre lot, offering significant potential for a variety of uses. Currently zoned C1 Retail Commercial, the property's versatility is further enhanced by its strategic location on busy Jefferson Avenue, ensuring high visibility and accessibility. The property's history includes uses as a bank, bar, and restaurant, demonstrating its adaptability to diverse business models. A key advantage is its location within Virginia Enterprise Zone (VEZ) #3. New ownership may qualify for attractive state and local incentives, potentially reducing initial investment costs and boosting long-term profitability. The asking price for this substantial commercial property is $500,000. This represents a compelling opportunity to acquire a well-situated, versatile property in a thriving area of Newport News, with the potential for significant returns on investment. The property's size and zoning provide ample space for expansion or redevelopment, catering to a wide range of commercial ventures. The zip code is 23601. The property's geographic coordinates are latitude 37.0534011 and longitude -76.462836.

Highlights

  • $500,000 asking price for this retail property.
  • Located on busy Jefferson Avenue in Newport News, VA.
  • Situated within Virginia Enterprise Zone #3, offering potential state and local incentives.
  • Zoned C1 Retail Commercial.
  • 14,000 square foot building on a 0.89-acre lot.

Property Details for 10749 Jefferson Ave

Property type
Retail properties, Restaurants

Location Insight

City
Newport News
County
Hampton City
State
Virginia
Latitude
37.0534011
Longitude
-76.462836
10749 Jefferson Ave, Newport News, Virginia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
10749 Jefferson Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message