6147 Jefferson AveNewport News, VA 23605

  • Commercial real estate
  • 7,503 SF
For Sale
$675,000 View listing

Property Details for 6147 Jefferson Ave

Construction
FRAME
Lot size
0.45 AC
Property size (Sq ft)
7,503 SF
Zone code
C1
Property type
Commercial real estate
APN
269000506
APU
269000506

Description

This exceptional investment opportunity presents two office buildings totaling 10,560 square feet on a 0.45-acre lot in Newport News, Virginia. The main building, a two-story, 6,189 square foot structure, features adaptable office suites, conference rooms, and multiple restrooms, allowing for easy subdivision to meet diverse tenant needs. A separate single-story, 1,490 square foot building offers a large, open space ideal for meetings or conferences, previously used as a church and including two handicap-accessible restrooms. The property boasts ample parking and enjoys excellent visibility and accessibility, with direct access to Jefferson Avenue and Mercury Boulevard. This Class C office space is offered at $675,000, with a lease type of NNN and single tenancy. The location benefits from high traffic counts (Jefferson Avenue: 43,000 VPD in 2011) and enjoys the adjacency to a proposed Walmart Supercenter, promising strong co-tenancy benefits. The asking price is $8 per square foot for the two-story building, and $1,975 per month NNN for the single-story building. This property presents a unique opportunity for investors seeking a versatile and well-located office complex in a thriving area. The property is zoned for office use and is located at 6147 Jefferson Avenue, Newport News, VA 23605.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,681,416
    Hospitality
    $1,540,168
    Educational
    $1,281,402
    Medical
    $1,325,471
    Retail
    $1,993,292

Location Insight

City
Newport News
County
Newport News City
State
Virginia
Latitude
37.024
Longitude
-76.448
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
$8,283
$182,900
$413,200
$596,100
-
$182,900
$413,200
$596,100

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