For Sale
$500,000

10749 Jefferson Ave Newport News, VA 23601

Prime Newport News Commercial Property

Overview

Added:
Dec 11, 2024
Days on market:
137
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

FAQs

What type of property is this?
Retail property - Prime Newport News Commercial Property
Where is the retail property located?
The property is located at 10749 Jefferson Ave Newport News, VA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: $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.
How can I contact the broker?
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10749 Jefferson Ave
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