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    3201-3301 Washington Ave Newport News, VA 23607

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    For Lease
    Contact for pricing

    Retail and office space available in downtown Newport News.

    Property size:
    1,981 SF
    Lot size:
    1.00 Acres

    Property Features for 3201-3301 Washington Ave

    General Information

    Size
    1,981 SF
    Lot size
    1.00 Acres

    Source: Colliers | Norfolk Agent Natalie Hucke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Newport News Retail/Office Space

    This property offers first-floor office and retail space situated beneath 197 well-leased apartment units. The apartments are stabilized and currently 97% occupied. Located in downtown Newport News, it is part of the Apprentice School for Newport News Shipyard mixed-use development. The property is steps away from Newport News Shipbuilding, the largest single-site industrial employer in the state of Virginia. The property is suitable for service uses, additional food uses, and shipyard-related businesses. The property offers 1,981 square feet of retail and office space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News
    State
    Virginia
    Longitude
    -76.4334909
    Latitude
    36.9825212

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    FAQs

    What type of property is this?
    Retail space - Retail and office space available in downtown Newport News.
    Where is this retail space located?
    The property is located at 3201-3301 Washington Ave Newport News, VA.
    What are key features of this property?
    This property features: - Located steps away from Newport News Shipbuilding, the largest single-site industrial employer in Virginia.; - Positioned beneath 197 well-leased apartment units with a 97% occupancy rate.; - Situated in downtown Newport News as part of the Apprentice School for Newport News Shipyard mixed-use development.
    (757) 490-3300
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    3201-3301 Washington Ave Newport News, VA 23607
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3201-3301 Washington Ave Newport News, VA 23607
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