5200 Mercury BlvdNewport News, VA 23605

  • Warehouses
  • 90,936 SF

Property Details for 5200 Mercury Blvd

Year built
1974
Construction
TYPE NOT SPECIFIED
Lot size
1.20 AC
Property size (Sq ft)
90,936 SF
Zone code
14 C-2 LIMITED COMMERCIAL
Property type
Warehouses
Property subtype
Self storage facilities
APN
03G007A00 0000U2
APU
03G007A000000U2

Description

This exceptional 17,574 square foot retail or office space presents a unique investment opportunity in the thriving Newmarket Fair shopping center in Newport News, Virginia. Located at 5200 W Mercury Blvd, zip code 23605, this end-cap space is carved from the former Sears building, offering high visibility and accessibility. The property sits on one acre of land and is zoned C-2, allowing for a variety of commercial uses. The space is part of a larger redevelopment project, with the eastern half of the building being converted into high-end self-storage. This prime location boasts significant traffic, situated along heavily trafficked West Mercury Boulevard (45,000 vehicles per day) and at the front entrance of Net Center, the largest office complex in Hampton (560,000 square feet), ensuring high foot traffic and visibility. The total building size is 100,000 square feet, with this available space spanning two floors. This presents a rare chance to establish a presence in a dynamic and well-established commercial area. The property's strategic location and ample square footage make it ideal for a variety of businesses seeking high visibility and convenient access to a large customer base. Newport News, VA offers a strong local economy and a growing population, making this a compelling investment opportunity.

Location Insight

City
Newport News
County
Hampton City
State
Virginia
Latitude
37.0188
Longitude
-76.4472
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
$76,662
$1,169,400
$7,226,800
$8,396,200
-
$1,169,400
$7,226,800
$8,396,200

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