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Retail Space in Oyster Point
For Lease
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605-639 Pilot House Dr, Newport News, VA

Retail space for lease in a premier business district.

Space Size1,360 SF - 4,000 SF
Lot Size2.66 Acres
Days on Market916

Property Features for 605-639 Pilot House Dr

General Information

Standard status Active
Size 1,360 SF - 4,000 SF
Lot size 2.66 Acres
Property subtype RETAIL

Spaces For Lease

at 605-639 Pilot House Dr Contact us

605 Pilot House Dr

Floor
1
Size
4,000 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- The property is located at the intersection of Jefferson Avenue and Pilot House...
show more
Contact us

633 Pilot House Dr

Floor
1
Size
1,360 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- The property is located at the intersection of Jefferson Avenue and Pilot House...
show more
Contact us
Listing Agency: Colliers | Norfolk
Listed By: Tyler Brooks · License #VIRGINIA0225202191
Source: Moodyscre
Added: Mar 18, 2024 Changed: Sep 3 Last Checked: Sep 19 at 10:27AM

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.

Located at the intersection of Jefferson Avenue and Pilot House Drive, the property is adjacent to Oyster Point Park, within the Oyster Point business district on the Virginia Peninsula. This area accommodates over 850 businesses and 17,000 workers and is one of the larger office submarkets in Hampton Roads, featuring nearly 2 million square feet of space. Recent commercial development in Oyster Point includes the City Center at Oyster Point, a $350 million, 52-acre mixed-use development planned to include 230,000 square feet of retail space, 1 million square feet of office space, hotels, residential apartments, and condominiums. The available retail space measures 1360 square feet. Signage is available on a monument sign on Pilot House Drive. The property provides two points of access on Pilot House Drive. CAM, Taxes, and Insurance are estimated at $3.60 per square foot, broken down as follows: CAM at $1.74, Insurance at $0.13, and Taxes at $1.73.

Key Highlights

  • Premier business district location in Oyster Point, home to 850+ businesses and 17,000+ workers.
  • Adjacent to Oyster Point Park.
  • Proximity to City Center at Oyster Point, a $350 million mixed‑use development.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Bakery Veterinary Clinic Parking Lot & Garage Furniture & Home Goods

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

$1.74 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,348
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Newport News, VA

$18.09 /SF/Yr
Avg Asking Price
$14–$25 /SF/Yr
Price Range
7,396 SF
Avg Space Size

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space for lease in a premier business district.
Where is this retail space located?
The property is located at 605-639 Pilot House Dr Newport News, VA.
What are key features of this property?
This property features: Premier business district location in Oyster Point, home to 850+ businesses and 17,000+ workers.; Adjacent to Oyster Point Park.; Proximity to City Center at Oyster Point, a $350 million mixed‑use development.
(757) 213-8110 Call to check price and availability
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