900 Jefferson AveNewport News, VA 23607

  • Industrial properties
  • 40,966 SF
For Sale
$3,450,000 View listing

Property Details for 900 Jefferson Ave

Construction
FRAME
Lot size
5.90 AC
Property size (Sq ft)
40,966 SF
Zone code
M2
Property type
Industrial properties
Property subtype
Other industrial properties
APN
319000105
APU
319000105

Description

This exceptional 5.9-acre industrial property in Newport News, VA (zip code 23607), offers a rare redevelopment opportunity. The site encompasses three buildings totaling approximately 75,740 square feet, with individual building sizes of 48,000, 24,630, and 14,000 square feet. The property boasts a desirable M-2 (Heavy Industrial) zoning designation, making it ideal for a variety of uses. Features include varying ceiling heights and column spacing across the buildings, dock and grade-level doors, a wet fire suppression system, an 8-inch concrete slab, and 3-phase, 480-volt electrical service. This prime location benefits from its proximity to the shipyard and its designation within a Hub Zone, Enterprise Zone, and Opportunity Zone, presenting significant advantages for investors and developers. The asking price is $3,450,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,699,743
    Hospitality
    $7,968,918
    Educational
    $6,630,046
    Medical
    $6,858,064
    Retail
    $10,313,405
900 Jefferson Ave, Newport News, Virginia

Location Insight

City
Newport News
County
Newport News City
State
Virginia
Latitude
36.9708
Longitude
-76.4135
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
$33,190
$578,300
$1,136,900
$1,715,200
-
$578,300
$1,136,900
$1,715,200

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