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    908 Lucas Creek Rd Newport News, VA 23608

    Sponsored
    For Sale
    $675,000

    Prime 4,911 SF Shop, $675K

    Property size:
    4,911 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4,911-square-foot automotive garage, located at 908 Lucas Creek Road in Newport News, Virginia, presents a unique investment opportunity. Built in 1982 and situated on a sizable lot with a fenced yard, this property boasts eight bays, perfect for a variety of automotive uses. The facility includes a small paint booth and a single car lift, enhancing its operational capabilities. Ten-by-ten overhead doors provide ample access for vehicles of various sizes. Compressed air is readily available throughout the workspace, a significant advantage for many automotive businesses. The property is zoned C1, offering flexibility for potential expansion or adaptation to other compatible commercial uses. The asking price is $675,000, translating to a price per square foot of $137.45. This well-maintained facility offers a solid foundation for a thriving automotive business or a savvy investment in a high-demand commercial sector. The property's location in Newport News, Virginia, zip code 23608, provides convenient access to major transportation routes and a robust local market. This is a rare opportunity to acquire a fully functional and well-equipped automotive garage in a desirable location.

    Property Features for 908 Lucas Creek Rd

    General Information

    Property type
    Specialty properties
    Square Feet
    4,911 SF

    Building Details

    Year Built
    1982
    Property Profile Location Intelligence

    Current Use by Public Records

    Denbigh Body & Painting ... Auto Body Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -76.549852804245
    Latitude
    37.137490883931

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    FAQs

    What type of property is this?
    Specialty property - Prime 4,911 SF Shop, $675K
    Where is this specialty property located?
    The property is located at 908 Lucas Creek Rd Newport News, VA.
    What is the asking price?
    The asking price for this property is $675,000.
    (757) 873-1401
    Request Owner's contact information
    908 Lucas Creek Rd Newport News, VA 23608
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    Newport News, VA 23608
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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
    908 Lucas Creek Rd Newport News, VA 23608
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