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Retail Property with Existing Building
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398 Denbigh Blvd, Newport News, VA 23608

An existing retail building sits at a signalized intersection near national retailers and a major shopping center.

Property Size2,400 SF
Lot Size0.60 Acres
Price / SF$1.00
Days on Market4

Property Features for 398 Denbigh Blvd

General Information

Standard status Active
Size 2,400 SF
Lot size 0.60 Acres
Property subtype Retail

Additional Details

Traffic Count 67,000 vehicles/day

Building Details

Buildings 1
Listing Agency: Norfolk - Main
Listed By: George Fox
Source: Colliers
Added: Oct 12 Changed: Oct 13 Last Checked: Oct 14 at 7:41PM

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 Norfolk - Main

Investment Insights

Based on property information with market context.

The retail property includes an existing building of approximately 2,400 SF on about 0.60 acres. It is offered for sale or ground lease, with the building and site located at the intersection of Warwick Boulevard and Denbigh Boulevard in Newport News.

The intersection carries approximately 67,000 vehicles per day. Nearby businesses include Chipotle, McDonald's, Walgreens, Bank of America, Verizon, Ollie's, and Food Lion; the 341,400 SF DW Center is also close by. A new I-64 interchange at Denbigh Boulevard is expected to improve access. Within five miles, the trade area includes more than 135,000 residents and 131,000 daytime employees.

Key Highlights

  • Existing building of approximately 2,400 SF on ±0.60 acres
  • Intersection of Warwick Boulevard and Denbigh Boulevard
  • Approximately 67,000 vehicles pass the intersection daily

Property Analytics

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Current Use

Cash Loans Loan Service

Suggested Use

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

Lease Details

67,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

648
Businesses Nearby

Demographics for 23608, VA

43,943
Population
18,448
Households
2.4
Avg Household Size
35
Median Age
27%
College-Educated
90%
High-School Grad
10.7 sq mi
ZIP Area
4,107
Density / Sq Mi
$67,556
Median Household Income
$40,208
Median Earnings
$1,245
Median Rent
$243,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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
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Frequently Asked Questions

What type of property is this?
Retail space - An existing retail building sits at a signalized intersection near national retailers and a major shopping center.
Where is this retail space located?
The property is located at 398 Denbigh Blvd Newport News, VA.
What are key features of this property?
This property features: Existing building of approximately 2,400 SF on ±0.60 acres; Intersection of Warwick Boulevard and Denbigh Boulevard; Approximately 67,000 vehicles pass the intersection daily
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