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Mixed-Use Development Opportunity
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601 Thimble Shoals Blvd, Newport News, VA 23606

Mixed-use development opportunity near City Center in Newport News.

Space Size1,800 SF
Days on Market652

Property Features for 601 Thimble Shoals Blvd

General Information

Standard status Active
Size 1,800 SF
Property subtype OFFICE

Spaces For Lease

at 601 Thimble Shoals Blvd
601 Thimble Shoals Blvd $14.50/SF/Yr
Floor 2
Size 1,800 SF
Type OFFICE
Availability AVAILABLE, Now
Sublease No
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Listing Agency: Harvey Lindsay Commercial Real Estate
Listed By: Michael L. Allen · License #0225228674
Source: Moodyscre
Added: Jan 8, 2025 Changed: Oct 16 Last Checked: Oct 21 at 12:30AM

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 Harvey Lindsay Commercial Real Estate

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Investment Insights

Based on property information with market context.

A mixed-use development is planned at the entrance to City Center in Newport News. The development will offer retail and other commercial spaces starting at approximately 1,200 square feet. The location provides excellent visibility on the signalized corner of Thimble Shoals Boulevard and Jefferson Avenue. City Center of Oyster Point contains over 600 residences. The area has a workforce of 79,530 within a 5-mile radius and 22,000 within the greater Oyster Point’s Business District. Traffic counts exceed 55,000 vehicles per day along Jefferson Avenue.

Key Highlights

  • Located at the entrance to City Center in Newport News.
  • High traffic volume: Over 55,000 vehicles per day (VPD) along Jefferson Avenue.
  • Excellent visibility on a signalized corner of Thimble Shoals Boulevard and Jefferson Avenue.**

Property Analytics

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Current Use

Manhattan's NY Deli ... Restaurant Cowardin and Kim Law Firm Riddle & Hanna, PLC Law Firm Fulton Bank Bank T-Mobile Mobile Phone Store

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Parking Lot & Garage Storage Facility Cafe & Coffee Shop Bakery

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
$2.18 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,387
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
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Market

Lease Benchmarks for Newport News, VA

$15.64 /SF/Yr
Avg Asking Price
$10–$28 /SF/Yr
Price Range
3,296 SF
Avg Space Size

This space is priced 7% below the average of $15.64 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use development opportunity near City Center in Newport News.
Where is this mixed-use property located?
The property is located at 601 Thimble Shoals Blvd Newport News, VA.
What is the lease rate?
The lease rate is $14.50 SF/Yr.
What are key features of this property?
This property features: Located at the entrance to City Center in Newport News.; High traffic volume: Over 55,000 vehicles per day (VPD) along Jefferson Avenue.; Excellent visibility on a signalized corner of Thimble Shoals Boulevard and Jefferson Avenue.**
(757) 640-9475 Call to check price and availability
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