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    321 Main St Newport News, VA 23601

    Sponsored
    For Lease
    $15 SF/Yr ($16,113 /Mo)

    Prime Newport News Medical Space Available

    Lot size:
    12,123 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional medical office building, located at 321 Main St, Newport News, VA 23601, presents a unique investment opportunity. Constructed in 1961, the 12,123 square foot building offers a total of three suites, with a minimum divisible space of 2,373 square feet and larger spaces available up to 5,080 square feet. The property is ideally suited for medical practices seeking flexible and adaptable space in a well-established location. Its multiple tenancy structure allows for diverse occupancy, providing potential for strong rental income. The building's prime location in Newport News offers excellent visibility and accessibility, ensuring convenient access for patients and staff. This is a rare opportunity to acquire a well-maintained medical office building in a thriving Virginia market. The property's solid construction and established tenant base make it an attractive investment for both seasoned and emerging investors in the healthcare real estate sector. The building's layout is designed to accommodate a variety of medical specialties, offering ample space for examination rooms, waiting areas, and administrative offices. With its strategic location and versatile space options, this property is poised for continued success and strong returns. Serious inquiries are encouraged to explore this exceptional investment opportunity further.

    Property Features for 321 Main St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,123 SF
    Total Rate
    16113.49

    Building Details

    Year Built
    1961
    Buildings
    1

    Unit(s) available at that property

    Space
    A
    Size
    5,080 SF
    Rate per SF
    $15
    Space
    D
    Size
    2,663 SF
    Rate per SF
    $15
    Space
    E
    Size
    2,373 SF
    Rate per SF
    $15

    HighLights

    • 12,123 SF medical office building in Newport News, VA.
    • Three suites available, ranging from 2,373 SF to 5,080 SF.
    • Excellent location with high visibility and accessibility.
    • Strong rental income potential due to multiple tenancy and established tenant base.
    • Great location with ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Preschool Partners Preschool Draper Amanda MD Pediatrician Patricia L. Kaufmann, ... Pediatrician Dr. Bruce M. ... Doctor Julian H. Blalock, ... Pediatrician

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Hampton City
    State
    Virginia
    Longitude
    -76.4572754
    Latitude
    37.0365906

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    FAQs

    What type of property is this?
    Medical office - Prime Newport News Medical Space Available
    Where is this medical office located?
    The property is located at 321 Main St Newport News, VA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 12,123 SF medical office building in Newport News, VA.; Three suites available, ranging from 2,373 SF to 5,080 SF.; Excellent location with high visibility and accessibility.
    Request Owner's contact information
    321 Main St Newport News, VA 23601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    321 Main St Newport News, VA 23601
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