This exceptional 7,500-square-foot mixed-use building presents a unique investment opportunity in Newport News, Virginia. Situated on a 0.34-acre lot at 9601 Warwick Blvd, this two-story structure boasts 127 feet of prime frontage, ensuring high visibility and accessibility. Built in 1977 and extensively renovated in 2020, the property features a spacious 3,750-square-foot retail space on the first floor and a 1,250-square-foot apartment on the second floor. The building is currently vacant, offering a blank canvas for a new owner/user or redevelopment project. With 15 on-site parking spaces and ample street parking, the property caters to both tenants and customers. The C-1 zoning, within the Hilton Village area, allows for a variety of uses, and the high daily traffic volume of 23,139 vehicles on Warwick Boulevard promises significant exposure. The property's assessed parcel number (APN) is 268.00-07-13, and it is offered as a fee-simple ownership. This prime location, combined with the building's versatile layout and recent renovations, makes this an attractive proposition for both owner-occupiers and investors seeking a strong return. The potential for historic tax credit redevelopment further enhances its appeal.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$1,586,154
Hospitality
$1,452,908
Educational
$1,208,803
Medical
$1,250,375
Retail
$1,880,360
Location Insight
City
Newport News
County
Newport News City
State
Virginia
Latitude
37.0246
Longitude
-76.4551
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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