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Self-Storage Conversion with Outparcels
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5200 W Mercury Blvd, Newport News, VA 23605

Planned self-storage conversion with residual two-floor space plus two visible outparcels at a signalized intersection.

Days on Market110

Property Features for 5200 W Mercury Blvd

General Information

Standard status Active
Property subtype Retail
Listing Agency: Colliers - Norfolk, Virginia
Listed By: Tyler Brooks · License #Virginia 0225202191
Source: Crexi
Added: Apr 12 Changed: Jul 23 Last Checked: Jul 23 at 6:09PM

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, Virginia

Investment Insights

Based on property information with market context.

The property includes an existing box that the seller plans to convert into high-end self-storage, with the eastern half dedicated to storage. After the conversion, approximately 100,000 square feet of residual space remains on two floors. In addition, there are two outparcels positioned for visibility on prominent corner locations and at a signalized intersection along the main commercial corridor.

The site is located along West Mercury Boulevard, reported at 50,000 VPD, and near the front entrance of the Offices at Net Center, described as the largest office complex in Hampton with 560,000 SF.

With the combination of planned storage and remaining multi-floor space, the property can accommodate multiple leasing configurations while maintaining strong street-level exposure for the outparcels.

Key Highlights

  • Fronts West Mercury Boulevard with reported traffic of 50,000 VPD
  • Planned conversion: eastern half of the property to high‑end self‑storage
  • After conversion, 100,000 SF of residual space on two floors

Property Analytics

Current Use

Sears Appliance Repair Home Appliance Store Go Store It ... Storage Facility Amsec LLC Engineering Consultant Admiral Security Services Security Service Maximus Corporate Office

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Dental Office Big Box & Wholesale Store Restaurant

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

514
Businesses Nearby

Demographics for 23605, VA

14,053
Population
6,944
Households
2
Avg Household Size
37
Median Age
18%
College-Educated
91%
High-School Grad
3.7 sq mi
ZIP Area
3,798
Density / Sq Mi
$52,899
Median Household Income
$36,286
Median Earnings
$1,187
Median Rent
$178,400
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Self storage facility - Planned self-storage conversion with residual two-floor space plus two visible outparcels at a signalized intersection.
Where is this self storage facility located?
The property is located at 5200 W Mercury Blvd Newport News, VA.
What are key features of this property?
This property features: Fronts West Mercury Boulevard with reported traffic of 50,000 VPD; Planned conversion: eastern half of the property to high‑end self‑storage; After conversion, 100,000 SF of residual space on two floors
(757) 228-1829 Call to check price and availability
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