1070 Loftis BlvdNewport News, VA 23606

  • Other commercial real estate
  • 1,253 SF
For Sale
$225,000 View listing

Property Details for 1070 Loftis Blvd

Year built
2007
Construction
FRAME
Lot size
0.03 AC
Property size (Sq ft)
1,253 SF
Zone code
R9
Property type
Other commercial real estate
APN
194000403
APU
194000403

Description

This exceptional 1,253-square-foot commercial property, located at 1070 Loftis Boulevard in Newport News, Virginia (zip code 23606), presents a unique investment opportunity. Situated within the prestigious Turner Building in Port Warwick, this space offers a blend of retail and executive office potential. The building boasts a prime location at the corner of Nat Turner and Loftis Boulevards, providing excellent visibility and accessibility at the entrance to Port Warwick. The asking price is $225,000, translating to a price per square foot of $179.57. The property's versatile layout is ideal for a variety of businesses seeking a high-profile address. The Turner Building itself features upscale condominiums above the office and retail spaces, creating a sophisticated and desirable environment for tenants and customers alike. This property offers a rare chance to establish a presence in a thriving, upscale community with high foot traffic and excellent visibility. The address is easily accessible and benefits from the high-end residential development surrounding it. This is an exceptional opportunity for a business seeking a prominent location in a desirable area. The property is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $288,441
    Hospitality
    $264,210
    Educational
    $219,820
    Medical
    $227,380
    Retail
    $341,942
1070 Loftis Blvd, Newport News, Virginia

Location Insight

City
Newport News
County
Newport News City
State
Virginia
Latitude
37.0847
Longitude
-76.4861
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
$2,600
$17,500
$181,700
$199,200
-
$17,500
$181,700
$199,200

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