11847 Jefferson Point LnNewport News, VA 23606

Property Details for 11847 Jefferson Point Ln

Lot size

1.32 AC

Property size (Sq ft)

7,351 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

Description

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.

Location Insight

City

Newport News

County

Warwick

State

Virginia

Latitude

37.1039

Longitude

-76.4944

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