422 Oriana Rd Newport News, VA
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Retail property with a national tenant in Newport News, VA.
Type:OFFICE
Property size:
4,200 SFLot size:
0.36 AcresPrice / SF:
$147/SF- Added:
- Aug 22, 2025
- Days on Market:
- 250
- Last Refresh:
- Apr 5 at 10:27 pm
Property Features for 422 Oriana Rd
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Lot size
- 0.36 Acres
- Property subtype
- OFFICE
Listing agent Ryan Burke (847) 361-4181
Listing office Matthews Real Estate Investment Services | Atlanta (847) 361-4181
Listing date Aug 22, 2025
Source Moodyscre
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 Matthews Real Estate Investment Services | Atlanta
Overview
Newport News Retail Investment
The property is suitable for retail or medical tenants. MyEyeDr recently signed a new 5-year lease, demonstrating their commitment to the location. MyEyeDr, a national operator with over 900 locations nationwide and an estimated annual revenue of $1 billion, occupies the space. The rental rate is below market value at less than $12 per square foot. The property is highly visible and easily accessible from the road. It is surrounded by national tenants such as Wendy’s, Bank of America, Autozone, and McDonald’s, as well as various strip centers, contributing to high traffic and familiarity in the area. The property is located in Newport News, a top city in Virginia with a coastal location that benefits from the Marine Terminal. The surrounding area within a 5-mile radius has an average household income of over $86,121. MyEyeDr is owned by Capital Vision Services and was acquired in 2019 by Goldman Sachs. The optometry market is experiencing growth due to technological advancements and an aging population, with a projected CAGR of 11.3% through 2033 and a current estimated market size of $5.84 billion. The property size is 4,200 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
MyEyeDr.
(Bike/Boat/Book/etc) Store
MyEyeDr - Arndt Kenneth ...
Physician
ClearVision Optometry, now ...
(Bike/Boat/Book/etc) Store
Heather Bae, OD
Physician
ClearVision Optometry - Seago ...
Physician
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Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Newport News
- State
- Virginia
- Longitude
- -76.5353
- Latitude
- 37.131
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Retail property with a national tenant in Newport News, VA.
Where is this medical office space located?
The property is located at 422 Oriana Rd Newport News, VA.
What is the asking price?
The asking price for this property is $618,000.
What are key features of this property?
This property features: Strong Tenant: MyEyeDr, a national operator with over 900 locations and $1 Billion in annual revenue, backed by Goldman Sachs.; Fresh Lease Renewal: MyEyeDr recently signed a new 5‑year lease, demonstrating commitment to the location.; Below Market Rent: Current rent is less than $12/SF, offering potential for future rental increases.
