Freestanding Retail Redevelopment
671 J Clyde Morris Boulevard Newport News, VA 23601
671 J Clyde Morris Boulevard, Newport News, VA, 23601
$2,900,000
For Sale
$2,900,000
A signalized, heavily traveled retail site with drive-thru infrastructure and C-1 zoning, ideal for redevelopment planning.
Property Size11,309 SF
Price / SF$256.43
Days on Market47
Property Features for 671 J Clyde Morris Boulevard
General Information
- Standard status
- Active
- Size
- 11,309 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1996
Listing Agency
Divaris Real Estate - Hampton Roads
(757) 675-9132
Listed by
Levi Thomson
(757) 675-9132
Source
Divaris
Added: Jun 2 Checked: Jul 17 at 3:22 am
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 Divaris Real Estate - Hampton Roads
Investment Insights
Based on property information with market context.
This free-standing retail building was constructed in 1996 and totals 11,309 square feet. The property is offered as a redevelopment opportunity with the physical base suitable for retail users or retail developers, supported by existing site improvements including a double-lane drive-thru with a canopy. A pylon sign provides visibility for branding and customer awareness, and the building’s configuration supports a straightforward retail presentation.
The site is located at a stoplight on a heavily traveled road with traffic counted at 38,498 VPD. It sits at a signalized intersection and includes 47 parking spaces, supporting customer convenience. The property is zoned C-1 and is also identified as being in an Enterprise Zone.
For tenants, owners, or developers looking for a prominent retail location, the drive-thru setup and retail-focused zoning create flexibility for a range of neighborhood-serving retail concepts. Buyers evaluating redevelopment options will find a ready-made retail footprint in a high-visibility setting, with the access and parking needed to support customer traffic. The overall package is designed for parties seeking a standout presence on a signalized retail corridor.
The site is located at a stoplight on a heavily traveled road with traffic counted at 38,498 VPD. It sits at a signalized intersection and includes 47 parking spaces, supporting customer convenience. The property is zoned C-1 and is also identified as being in an Enterprise Zone.
For tenants, owners, or developers looking for a prominent retail location, the drive-thru setup and retail-focused zoning create flexibility for a range of neighborhood-serving retail concepts. Buyers evaluating redevelopment options will find a ready-made retail footprint in a high-visibility setting, with the access and parking needed to support customer traffic. The overall package is designed for parties seeking a standout presence on a signalized retail corridor.
Key Highlights
- 11,309 SF free‑standing building built in 1996
- Traffic count of 38,498 VPD at a signalized intersection on J Clyde Morris Boulevard
- 47 parking spaces
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.8k | $12.36 |
| − Vacancy | −$3.8k | −$0.33 |
| EGI | $136.0k | $12.03 |
| − OpEx | −$40.8k | −$3.61 |
| NOI | $95.2k | $8.42 |
11,309 SF · lease $12.36/SF/yr · vacancy 2.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,204 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,126 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banyo Ndanga
Pharmacy
Hieu Bui
Pharmacy
Coinhub Bitcoin ATM ...
Atm
Western Union
Bank
higi
Physician
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FAQs
What type of property is this?
Retail space - A signalized, heavily traveled retail site with drive-thru infrastructure and C-1 zoning, ideal for redevelopment planning.
Where is this retail space located?
The property is located at 671 J Clyde Morris Boulevard Newport News, VA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 11,309 SF free‑standing building built in 1996; Traffic count of 38,498 VPD at a signalized intersection on J Clyde Morris Boulevard; 47 parking spaces
