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    6128 Jefferson Ave Newport News, VA 23605

    Sponsored
    For Lease
    Contact for pricing

    High-visibility retail land for lease in Newport News.

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.26-acre parcel boasts 432 feet of prime frontage on Jefferson Avenue in the North Newmarket submarket of Newport News, Virginia. Zoned C-1 Retail Commercial, this single-tenant property presents a unique opportunity for businesses seeking high-traffic exposure. The expansive lot size offers significant flexibility for development, catering to a wide range of retail concepts. Located in the vibrant city of Newport News, this property benefits from excellent accessibility and visibility, ensuring strong customer traffic. The address is 6128 Jefferson Avenue, Newport News, VA 23605. This is a rare opportunity to secure a substantial land parcel in a desirable retail location. The property's size and zoning make it ideal for a variety of commercial uses, providing a strong foundation for future growth and profitability. With its strategic location and ample space, this property is poised to become a thriving commercial hub. The property is available for lease and offers a blank canvas for a visionary entrepreneur or established business seeking expansion. Serious inquiries are encouraged to explore the potential of this exceptional retail land opportunity. The property is located in Newport News city, in the North Newmarket submarket.

    Property Features for 6128 Jefferson Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Available space
    Size
    1 SF

    HighLights

    • 3.26‑acre parcel with 432 ft of Jefferson Avenue frontage in Newport News, VA's North Newmarket submarket.
    • C‑1 Retail Commercial zoning.
    • Located directly across Jefferson Avenue from a Walmart.
    • High visibility from Jefferson Avenue due to a stoplight at Brooke Street providing excellent access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News city
    State
    Virginia
    Longitude
    -76.4461636
    Latitude
    37.0232336

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    FAQs

    What type of property is this?
    Land - High-visibility retail land for lease in Newport News.
    Where is this land located?
    The property is located at 6128 Jefferson Ave Newport News, VA.
    What are key features of this property?
    This property features: 3.26-acre parcel with 432 ft of Jefferson Avenue frontage in Newport News, VA's North Newmarket submarket.; C-1 Retail Commercial zoning.; Located directly across Jefferson Avenue from a Walmart.
    Request Owner's contact information
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    Newport News, VA 23605
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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
    6128 Jefferson Ave Newport News, VA 23605
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