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11820 Fountain Way, Newport News, VA 23606

Large building with first-floor retail and free covered parking in the Fountain Way garage.

Property Size2,030 SF
Days on Market1086

Property Features for 11820 Fountain Way

General Information

Standard status Active
Size 2,030 SF
Property subtype OFFICE
Lease Type SF/yr

Amenities

free covered parking

Building Details

Tenancy Multi
Listing Agency: Colliers | Norfolk
Listed By: Patrick McCormick
Source: Moodyscre
Added: Aug 11, 2023 Changed: Jul 25 Last Checked: Jul 30 at 9:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Norfolk

Investment Insights

Based on property information with market context.

This 85,305 SF building offers first-floor retail space with a mix of established professional and service tenants. Current tenants include The Boeing Company, OVM Financial, Merrill Lynch, Newport News Economic Development Authority, Franklin Management Company, HDR Engineering, AppleOne, Heyman Investment Group, PeopleShare, and Tucanos Brazilian Grill.

Free covered parking is available in the Fountain Way garage, supporting convenient arrivals for customers and employees. Shopping and dining are within walking distance, adding to the day-to-day accessibility of the location at 11820 Fountain Way, Newport News, VA 23606.

Key Highlights

  • 85,305 SF building with first‑floor retail space
  • Free covered parking available in the Fountain Way garage
  • Tenant mix includes The Boeing Company, Merrill Lynch, HDR Engineering, and Tucanos Brazilian Grill

Property Analytics

Current Use

Anthem Blue Cross ... Insurance Agency Merrill Lynch Wealth ... Financial Advisor United Way of the Virginia ... Charitable Organization Greater Peninsula Workforce ... Local Government Office Franklin Management Company Property Management Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Home Appliance Store Veterinary Clinic Catering Service Pet Grooming Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,117
Businesses Nearby

Demographics for 23606, VA

31,684
Population
13,186
Households
2.4
Avg Household Size
33
Median Age
38%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
3,266
Density / Sq Mi
$69,921
Median Household Income
$38,647
Median Earnings
$1,327
Median Rent
$296,900
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Large building with first-floor retail and free covered parking in the Fountain Way garage.
Where is this office building located?
The property is located at 11820 Fountain Way Newport News, VA.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: 85,305 SF building with first‑floor retail space; Free covered parking available in the Fountain Way garage; Tenant mix includes The Boeing Company, Merrill Lynch, HDR Engineering, and Tucanos Brazilian Grill
(757) 228-1809 Call to check price and availability
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