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Two Freestanding Office Buildings
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12500 + 12490 Jefferson Avenue, Newport News, VA 23602

Two high-quality office buildings perfect for a national headquarters.

Property Size211,171 SF
Lot Size22.00 Acres
Days on Market134

Property Features for 12500 + 12490 Jefferson Avenue

General Information

Standard status Active
Size 211,171 SF
Lot size 22.00 Acres
Property subtype Office
Listing Agency: CBRE | Baltimore
Listed By: Kevin Wille
Source: Cbre
Added: Mar 25 Changed: Jul 6 Last Checked: Aug 5 at 5:25AM

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 CBRE | Baltimore

Investment Insights

Based on property information with market context.

These two high-quality, freestanding office buildings offer a combined area of over 200,000 square feet, suitable for a national headquarters. The campus, spanning just over 22 acres, was designed by Rancorn Wildman Krause Brezinski Architects, with the buildings constructed approximately 8 years apart. The properties can be purchased together or separately. The offering includes furniture and ample parking with more than 1,100 spaces, as well as loading docks. Both buildings have been continuously owned and occupied by Ferguson Enterprises, LLC since construction as single-tenant buildings. The location is a few blocks north of the I-64 on and off ramps and a 1-minute drive to the Newport News/Williamsburg International Airport, with proximity to local amenities.

Key Highlights

  • Perfect for a National Headquarters with over 200,000 square feet of combined office space.
  • Prime location near I‑64 and Newport News/Williamsburg International Airport.
  • 22‑Acre Campus designed by Rancorn Wildman Krause Brezinski Architects.

Property Analytics

Current Use

Westcraft Building Supply Wolseley Investments Inc Financial Advisor Ferguson Enterprises, Inc Corporate Office

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store Building Supply HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

403
Businesses Nearby

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 Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two high-quality office buildings perfect for a national headquarters.
Where is this office building located?
The property is located at 12500 + 12490 Jefferson Avenue Newport News, VA.
What are key features of this property?
This property features: Perfect for a National Headquarters with over 200,000 square feet of combined office space.; Prime location near I‑64 and Newport News/Williamsburg International Airport.; 22‑Acre Campus designed by Rancorn Wildman Krause Brezinski Architects.
More about this property
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