701 Town Center DrNewport News, VA 23606

  • Other commercial real estate
  • 119,058 SF
For Lease
$23/SF/YR View listing

Property Details for 701 Town Center Dr

Year built
2002
Construction
FRAME
Lot size
0.49 AC
Property size (Sq ft)
119,058 SF
Zone code
C4
Property type
Other commercial real estate
APN
195000414
APU
195000414

Description

This exceptional Class A office space, located at 701 Town Center Dr in Newport News, Virginia's Oyster Point submarket (Peninsula cluster), offers a prime opportunity for businesses seeking modern, efficient workspace. The City Center at Oyster Point - Fountain Plaza One building boasts 117,000 square feet across 10 stories, constructed in 2002. Units range from a minimum of 2,646 square feet to a maximum contiguous space of 20,210 square feet, providing flexibility for various business needs. The building features ample parking with 400 spaces and convenient elevator access. The property sits on 2.07 acres of land, with a building floor area ratio (FAR) of 2.08. Its C4 zoning designation allows for a wide range of commercial uses. The property's location offers easy access via Merchants Walk cross street. Annual property taxes are $1.38 per square foot. This move-in ready space presents a turnkey solution for businesses seeking immediate occupancy in a highly desirable location. The property's APN is 195.00-04-14 and the zip code is 23606. This is a multi-tenant building offering a variety of options to suit your business needs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $27,435,562
    Hospitality
    $25,130,828
    Educational
    $20,908,554
    Medical
    $21,627,632
    Retail
    $32,524,418
701 Town Center Dr, Newport News, Virginia

Location Insight

City
Newport News
County
Newport News City
State
Virginia
Latitude
37.0878
Longitude
-76.4745
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
$240,700
$637,500
$19,610,100
$20,247,600
-
$637,500
$19,610,100
$20,247,600

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].