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    12300 Jefferson Ave Newport News, VA 23602

    For Lease
    Contact for pricing

    Second-generation restaurant space available in a super regional mall.

    Property size:
    21,017 SF
    Lot size:
    56.81 Acres

    Property Features for 12300 Jefferson Ave

    General Information

    Size
    21,017 SF
    Lot size
    56.81 Acres

    Source: Cushman & Wakefield | Thalhimer - Virginia Beach Agent Clay Willis

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

    Overview

    Restaurant Space in Regional Mall

    Located in the Patrick Henry submarket, this property is situated in a super regional mall at a signalized intersection just off I-64 at Exit 255. The location benefits from high traffic volume, with 52,500 vehicles per day on Jefferson Avenue and 123,000 vehicles per day on I-64. An 8,200-square-foot second-generation restaurant space is available as a mall entrance endcap. The space features a fully equipped kitchen and offers a massive signage opportunity facing I-64, along with the ability to create a large outdoor patio. The property is suitable for restaurants and retail businesses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Chipotle Mexican Grill Mexican Restaurant Red Robin Gourmet ... Restaurant Umi Sushi Sushi Restaurant Patrick Henry Mall Shopping Mall Tropical Smoothie Cafe Restaurant

    Suggested Use

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

    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
    -76.4959082
    Latitude
    37.1122526

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    FAQs

    What type of property is this?
    Restaurant - Second-generation restaurant space available in a super regional mall.
    Where is this restaurant located?
    The property is located at 12300 Jefferson Ave Newport News, VA.
    What are key features of this property?
    This property features: - High visibility location off I-64 (Exit 255) with 123,000 VPD; - 8,200 SF second-generation restaurant space available; - Fully equipped kitchen
    (757) 633-9989
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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
    12300 Jefferson Ave Newport News, VA 23602
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