900 Jefferson AveNewport News, VA 23607
- Industrial properties
- 40,966 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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