12095 Jefferson AveNewport News, VA 23606

Property Details for 12095 Jefferson Ave

Year built

2020

Lot size

2.71 AC

Property size (Sq ft)

10,160 SF

Zone code

C1

Property type

Commercial real estate

APN

161000132

APU

161000132

Description

This exceptional .98-acre commercial land parcel presents a unique investment opportunity in Newport News, Virginia. Located at 12095 Jefferson Avenue, this property enjoys a highly visible position directly across from the bustling Marketplace at Tech Center, home to popular retailers such as Whole Foods and DSW. Jefferson Avenue, a major artery, sees a remarkable 52,000 vehicles daily in this section near Oyster Point Road, ensuring significant exposure for any development. The property's C-1 zoning allows for a wide range of commercial uses, including retail establishments, office spaces, and early childhood education facilities, providing flexibility for diverse development plans. This prime location offers unparalleled access to a dense population base and strong consumer traffic, making it an ideal site for businesses seeking high visibility and convenient access. The 0.98-acre lot provides ample space for a variety of development projects, catering to a range of commercial needs. This is a rare opportunity to acquire a strategically located commercial property in a thriving retail corridor. The property's size, zoning, and location combine to create a compelling investment prospect with significant potential for future growth and return. The high traffic count and proximity to established businesses make this an exceptional opportunity for investors and developers alike.

• Alternative Use

  Use

  Valuation

  Residential

  $2,339,608

  Hospitality

  $2,143,068

  Educational

  $1,783,008

  Medical

  $1,844,328

  Retail

  $2,773,568

Location Insight

City

Newport News

County

Newport News City

State

Virginia

Latitude

37.1012

Longitude

-76.4928

CBSA code

47260

CBSA name

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

Property Tax & Assessments

FAQs

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