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11820 Fountain Way, Newport News, VA 23606

New spec office suites are available in two buildings, with space sizes ranging from 1,149 SF to 13,968 SF.

Property Size2,253 SF
Days on Market1106

Property Features for 11820 Fountain Way

General Information

Standard status Active
Size 2,253 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Highway Access Yes

Building Details

Tenancy Multi
Listing Agency: Colliers | Norfolk
Listed By: Patrick McCormick
Source: Moodyscre
Added: Jul 21, 2023 Changed: Jul 28 Last Checked: Jul 30 at 7:35AM

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.

New spec office suites are available within two buildings, including Two City Center and Fountain Plaza One. Suite sizes range from 1,149 SF up to 13,968 SF, offering flexibility for a range of office needs. The lease rate is listed at $24.00 PSF, full service.

The property is positioned close to Jefferson Ave and the retail/nucleus of Newport News, with easy access to I-64. Additional connectivity includes access to the Newport News/Williamsburg International Airport and public transportation.

Key tenants in the area include Riverside Health System, HII, Ferguson Enterprises, Boeing, Kaufman & Canoles, Siemens, and HDR Engineering.

Key Highlights

  • New spec office suites available in two buildings, ranging from 1,149 SF up to 13,968 SF
  • Lease rate of $24.00 PSF, full service
  • Brand new spec suites available in Two City Center and Fountain Plaza One

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
Yes
Highway access
Gross
Lease Type

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

Lease Benchmarks for Newport News, VA

$13.36 /SF/Yr
Avg Asking Price
$10–$19 /SF/Yr
Price Range
2,222 SF
Avg Space Size

This space is priced 80% above the average of $13.36 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office units - New spec office suites are available in two buildings, with space sizes ranging from 1,149 SF to 13,968 SF.
Where is this office units located?
The property is located at 11820 Fountain Way Newport News, VA.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: New spec office suites available in two buildings, ranging from 1,149 SF up to 13,968 SF; Lease rate of $24.00 PSF, full service; Brand new spec suites available in Two City Center and Fountain Plaza One
(757) 228-1809 Call to check price and availability
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