Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    12580 Jefferson Ave Newport News, VA 23602

    Sponsored
    For Lease
    $40 SF/Yr

    7,078 SF Restaurant Building, 1.67 Acres

    Lot size:
    7,078 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,078-square-foot former restaurant building presents a unique opportunity in Newport News, Virginia's desirable Patrick Henry submarket. Situated on a spacious 1.67-acre lot at 12580 Jefferson Avenue, zip code 23602, this Class A property boasts a single-tenant occupancy and is currently vacant, offering immediate possession. Built in 2003, the building features a single story design and a substantial 1000-amp power supply, making it adaptable to a variety of uses. The M-1 zoning allows for flexibility in potential redevelopment or repurposing. The property's location within a highly desirable retail corridor ensures high visibility and accessibility. Property taxes are $4.71 per square foot. This prime location offers significant potential for a savvy investor or business owner seeking a well-positioned space in a thriving market. The building's size and ample land provide considerable room for expansion or outdoor amenities. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Detailed property information and specifications are available upon request.

    Property Features for 12580 Jefferson Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,078 SF
    Class
    A
    Total Rate
    24165.47

    Building Details

    Year Built
    2003
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    7,078 SF
    Rate per SF
    $40

    HighLights

    • High‑visibility retail space at Jefferson Ave & Jefferson Commons Shopping Center in Newport News, VA's Patrick Henry submarket.
    • Excellent accessibility from Jefferson Ave, a top 3 Hampton Roads retail market and prime Peninsula location.
    • Strong co‑tenancy with Tech Center, Patrick Henry Mall, and Jefferson Commons.
    • Strategic location: first restaurant site on northbound Jefferson Ave after I‑64 exit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    Hampton City
    State
    Virginia
    Longitude
    -76.513973388671
    Latitude
    37.131032683061

    Nearby Similar for Lease

    • $20,000 /Mo
      8,000 SF

      Newport News Commercial Property For Lease

      8,000 SF commercial space on 1.8 acres for lease.
      14859 Warwick Blvd, Newport News, VA 23608
      View Details
    • $1.56 SF/Yr
      225 SF

      Newport News Professional Office Space

      Professional office space for lease in Newport News, Virginia.
      11825 Rock Landing Dr, Newport News, VA 23606
      View Details
    • $5 SF/Yr
      18,561 SF

      Versatile Warehouse Space For Lease

      Warehouse space with office, convenient location, and easy access.
      9616 Hosier St, Newport News, VA 23601
      View Details
    • $675 /Mo
      7,405 SF

      Move-in Ready Office Space

      Furnished office space in Oyster Point with utilities included.
      732 Thimble Shoals Blvd, Newport News, VA 23606
      View Details
    • $650 /Mo
      7,405 SF

      Move-in Ready Office Space

      Furnished office space in Oyster Point with utilities included.
      732 Thimble Shoals Blvd, Newport News, VA 23606
      View Details
    • $18 SF/Yr
      1,895 SF

      Retail Space Near I Hop

      Retail space available in high-visibility location, formerly a salon.
      11745 Jefferson Ave, Newport News, VA 23606
      View Details
    • Contact for pricing
      4,015 SF

      Newport News Retail Space Available

      Grocery-anchored retail center with renovated space in Newport News, Virginia.
      439-467 Oriana Rd, Newport News, VA 23608
      View Details
    • $16 SF/Yr
      1,500 SF

      Built-Out Barber Shop For Lease

      High-visibility location in Hampton's active commercial corridor.
      5005-5015 Mercury Blvd, Newport News, VA 23605
      View Details
    • $23 SF/Yr
      1,135 SF

      Retail Space in City Center

      Retail spaces available in a mixed-use development.
      705-707 Mariners Row, Newport News, VA
      View Details
    • $30 SF/Yr
      2,534 SF

      Tech Center Parkway Office Space

      Office space in Tech Center with coworking options available.
      700 Tech Ctr Pkwy, Newport News, VA
      View Details
    • Contact for pricing
      1,360 SF

      Retail Space in Oyster Point

      Retail space for lease in a premier business district.
      605-639 Pilot House Dr, Newport News, VA 23606
      View Details
    • $30 SF/Yr
      28,490 SF

      Tech Center Office Space Available

      Office space for rent in Tech Center, Newport News.
      800 Tech Ctr Pkwy, Newport News, VA
      View Details

    FAQs

    What type of property is this?
    Restaurant - 7,078 SF Restaurant Building, 1.67 Acres
    Where is this restaurant located?
    The property is located at 12580 Jefferson Ave Newport News, VA.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: High-visibility retail space at Jefferson Ave & Jefferson Commons Shopping Center in Newport News, VA's Patrick Henry submarket.; Excellent accessibility from Jefferson Ave, a top 3 Hampton Roads retail market and prime Peninsula location.; Strong co-tenancy with Tech Center, Patrick Henry Mall, and Jefferson Commons.
    Request Owner's contact information
    12580 Jefferson Ave Newport News, VA 23602
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12580 Jefferson Ave
    Newport News, VA 23602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    12580 Jefferson Ave Newport News, VA 23602
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.