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Retail Suite Near CNU Campus
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12492 Warwick Blvd, Newport News, VA 23606

Retail suite near Christopher Newport University and Todd Stadium.

Space Size1,825 SF
Days on Market982

Property Features for 12492 Warwick Blvd

General Information

Standard status Active
Size 1,825 SF
Property subtype RETAIL
Lease Type NNN

Site & Location

Neighborhood Hidenwood

Spaces For Lease

at 12492 Warwick Blvd
12492 Warwick Blvd $2,500/Mo
Floor 1
Size 1,825 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- This offering consists of a stunning retail suite that was built out for a long standing Credit Union. - The suite is located in between Ace Hardware and Pivot Physical Therapy and is front and center from the main ingress into the shopping center. - There have been numerous improvements made to the space & the shopping center’s parking area to provide patrons ease of entry off Warwick Boulevard. - Situated across the street from Todd Stadium and less than a mile from the Christopher Newport University campus it is ideal for a variety of retail and service oriented businesses. A truly Must See location!
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Listing Agency: Campana Waltz Commercial Real Estate, LLC - West
Listed By: Vince A Campana III
Source: Moodyscre
Added: Feb 16, 2024 Changed: Oct 5 Last Checked: Oct 24 at 8:22PM

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 Campana Waltz Commercial Real Estate, LLC - West

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Investment Insights

Based on property information with market context.

This offering features a retail suite, previously built out for a credit union. The suite is positioned between ACE Hardware and Pivot Physical Therapy, prominently located at the main entrance of the shopping center. Improvements have been made to the space and the shopping center's parking area to facilitate ease of access from Warwick Boulevard. Situated across the street from Todd Stadium and less than a mile from the Christopher Newport University campus, the location is suitable for various retail and service-oriented businesses.

Key Highlights

  • Prime retail location between ACE Hardware and Pivot Physical Therapy.
  • Front and center visibility from the shopping center's main entrance.
  • Numerous improvements to the suite and shopping center parking area.

Property Analytics

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Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Auto Parts Store Law Firm Auto Repair Shop

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
$2.47 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

473
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Newport News, VA

$17.91 /SF/Yr
Avg Asking Price
$14–$25 /SF/Yr
Price Range
7,331 SF
Avg Space Size

This space is priced 8% below the average of $17.91 /SF/Yr.

Vacancy Rate% for Retail in South region

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

Frequently Asked Questions

What type of property is this?
Retail space - Retail suite near Christopher Newport University and Todd Stadium.
Where is this retail space located?
The property is located at 12492 Warwick Blvd Newport News, VA.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: Prime retail location between ACE Hardware and Pivot Physical Therapy.; Front and center visibility from the shopping center's main entrance.; Numerous improvements to the suite and shopping center parking area.
(757) 327-0333 Call to check price and availability
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