12080 Jefferson AveNewport News, VA 23606

Property Details for 12080 Jefferson Ave

Year built

2016

Lot size

32.06 AC

Property size (Sq ft)

210,585 SF

Zone code

R9

Property type

Other commercial real estate

APN

162000202

APU

162000202

Description

This exceptional retail opportunity, Marketplace at Tech Center, is located in Newport News, Virginia, within the thriving 100-acre Tech Center development. The property boasts a total of 230,000 square feet, offering multiple tenancy options within eight suites. Individual spaces range from a minimum of 1,142 square feet to a maximum contiguous space of 3,000 square feet. Currently, 14,701 square feet are available for lease. Situated at 12080 Jefferson Ave, Newport News, VA 23606, this prime location benefits from its proximity to the Thomas Jefferson National Accelerator Facility and is part of a larger $250 million development encompassing retail, residential, and commercial spaces, as well as a technology and research center. The ongoing expansion of the Tech Center, including a significant 600,000 square-foot addition to the corporate research center, promises continued growth and increased foot traffic. This development is designed to create a vibrant lifestyle community, catering to diverse needs from daily errands to dining and entertainment options. The property presents a unique chance to establish a business within a dynamic and expanding area. This is an excellent opportunity for businesses seeking high visibility and access to a substantial customer base in a rapidly growing area of Warwick County.

• Alternative Use

  Use

  Valuation

  Residential

  $48,504,468

  Hospitality

  $44,429,832

  Educational

  $36,965,100

  Medical

  $38,236,384

  Retail

  $57,501,264

Location Insight

City

Newport News

County

Newport News City

State

Virginia

Latitude

37.1029

Longitude

-76.4902

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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