11710 Jefferson AveNewport News, VA 23606

  • Other commercial real estate
  • 84,532 SF
For Lease

Property Details for 11710 Jefferson Ave

Year built
1987
Lot size
8.31 AC
Property size (Sq ft)
84,532 SF
Zone code
C1
Property type
Other commercial real estate
APN
204000483
APU
204000483

Description

Oyster Point Square, located at 11710 Jefferson Ave in Newport News, Virginia (zip code 23606), offers exceptional retail and restaurant opportunities. This vibrant shopping center boasts a total of 83,089 square feet across two suites, situated on a generous 9.51-acre lot. Currently, 4,000 square feet of space is available, divisible into units ranging from a minimum of 1,600 square feet to a maximum contiguous space of 2,400 square feet. The property is zoned C1 and is located in Warwick County. The center has recently undergone improvements to its common areas, enhancing the shopping experience for customers. Existing tenants include established businesses such as Chase Bank, Waffle House, and Fit Body Boot Camp (opened in 2024), along with popular dining options like Al Fresco and Nawab, and other service-based retailers. This strong tenant mix ensures consistent daily foot traffic, creating a prime location for new businesses seeking high visibility and a thriving customer base. The property's strategic location and established tenant roster present a compelling investment opportunity for businesses seeking a well-established and thriving retail environment in Newport News.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $19,468,044
    Hospitality
    $17,832,624
    Educational
    $14,836,534
    Medical
    $15,346,785
    Retail
    $23,079,052
11710 Jefferson Ave, Newport News, Virginia

Location Insight

City
Newport News
County
Newport News City
State
Virginia
Latitude
37.08
Longitude
-76.4769
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$137,454
$4,704,800
$4,934,400
$9,639,200
-
$4,704,800
$4,934,400
$9,639,200

FAQs

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