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Retail Space in Jefferson Plaza
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12121 Jefferson Ave, Newport News, VA 23602

Retail space available in a busy Newport News shopping center.

Days on Market247

Property Features for 12121 Jefferson Ave

General Information

Standard status Active
Property subtype Other
Listing Agency:
Listed By: Debra Ramey
Source: Tscg
Added: Nov 25, 2025 Changed: Jul 6 Last Checked: Jul 30 at 4:34AM

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 Debra Ramey

Investment Insights

Based on property information with market context.

Located in the heart of the Patrick Henry retail corridor within the Jefferson Plaza Shopping Center in Newport News. The property, comprising 131,694 square feet, is available starting August 2026 and can be subdivided. Jefferson Plaza is anchored by World Market and Fresh Market and is situated across from Yoder Farms, which is anchored by Target and Patrick Henry Mall. The location offers convenient parking and great access from both Jefferson Avenue and Oyster Point Road. Local retailers in the vicinity include Best Buy, Value City Furniture, Target, Burlington, Macy's, and Dillard. Traffic counts are approximately 50,000 ADT on Jefferson Avenue and 35,000 ADT on Oyster Point Road.

Key Highlights

  • High‑traffic location in the heart of the Patrick Henry retail corridor.
  • Anchored by World Market and Fresh Market, across from Yoder Farms (Target).
  • Excellent accessibility from Jefferson Avenue and Oyster Point Road.

Property Analytics

Current Use

Costco Tire Center (Bike/Boat/Book/etc) Store Costco Pharmacy Pharmacy Costco Optical Department Optometrist Costco Bakery Bakery Costco Hearing Center Hearing Aid Store

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Building Supply Auto Repair Shop HVAC Service Kitchen & Bath Showroom

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

754
Businesses Nearby
Well-served
Demand for This Use

Demographics for 23602, VA

42,004
Population
18,876
Households
2.2
Avg Household Size
37
Median Age
36%
College-Educated
94%
High-School Grad
13.2 sq mi
ZIP Area
3,182
Density / Sq Mi
$72,487
Median Household Income
$46,125
Median Earnings
$1,446
Median Rent
$270,200
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Patrick Henry Mall — 12300 Jefferson Ave, Newport News, VA 23602
  • Jefferson Green — 12233 Jefferson Ave, Newport News, VA 23602
  • Oyster Point Plaza Shopping Center — Oyster Point Rd, Newport News, VA 23602
  • Marketplace at Tech Center — 12090 Jefferson Ave, Newport News, VA 23606
  • Yoder Plaza Shopping Center — 12134 Jefferson Ave, Newport News, VA 23602

Frequently Asked Questions

What type of property is this?
Shopping center - Retail space available in a busy Newport News shopping center.
Where is this shopping center located?
The property is located at 12121 Jefferson Ave Newport News, VA.
What are key features of this property?
This property features: High‑traffic location in the heart of the Patrick Henry retail corridor.; Anchored by World Market and Fresh Market, across from Yoder Farms (Target).; Excellent accessibility from Jefferson Avenue and Oyster Point Road.
More about this property
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