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    9976 Jefferson Ave Newport News, VA 23605

    For Lease
    $15 SF/Yr

    13,905 SF Medical Retail in Newport News

    Lot size:
    13,905 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 13,905-square-foot retail space, formerly a Walgreens, presents a unique investment opportunity in the thriving Newport News, Virginia market. Located at 9976 Jefferson Ave, zip code 23605, this single-tenant property is ideally suited for a variety of medical-related businesses or other retail uses. The building's prime location ensures high visibility and accessibility, benefiting from significant foot traffic and convenient access to major roadways. The property's size allows for ample space to accommodate a wide range of operational needs. Its previous use as a Walgreens speaks to its established infrastructure and suitability for retail operations. The surrounding area boasts a strong concentration of established businesses, including major retailers such as Walmart, Food Lion, Dollar Tree, Roses, and CVS. Furthermore, the property benefits from proximity to a Walmart Neighborhood Center and numerous fast-food restaurants, convenience stores, and gas stations, including 7-Eleven and Wawa. This strategic location within a densely populated area guarantees a substantial customer base and significant potential for growth. The property is classified as Retail, Subtype Medical, and offers a single tenancy. This presents a rare opportunity to acquire a well-positioned, sizable retail space in a high-traffic area of Newport News. Serious inquiries are encouraged.

    Property Features for 9976 Jefferson Ave

    General Information

    Property type
    Medical space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,905 SF

    Unit(s) available at that property

    Space
    Size
    13,905 SF
    Rate per SF
    $15

    HighLights

    • 13,905 SF retail space, formerly a Walgreens, at 9976 Jefferson Ave, Newport News, VA 23605.
    • Suitable for medical, retail, or other uses.
    • High visibility and accessibility with strong foot traffic and major roadway access.
    • Located near Walmart, Food Lion, Dollar Tree, Roses, CVS, and other retailers.
    • Single‑tenant property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Walgreens Drug Store Walgreens Pharmacy Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy FedEx OnSite Mailing Service

    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
    -76.4553192
    Latitude
    37.0376762

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    FAQs

    What type of property is this?
    Medical space - 13,905 SF Medical Retail in Newport News
    Where is this medical space located?
    The property is located at 9976 Jefferson Ave 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: 13,905 SF retail space, formerly a Walgreens, at 9976 Jefferson Ave, Newport News, VA 23605.; Suitable for medical, retail, or other uses.; High visibility and accessibility with strong foot traffic and major roadway access.
    Request Owner's contact information
    9976 Jefferson Ave Newport News, VA 23605
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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
    9976 Jefferson Ave Newport News, VA 23605
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