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    10764 Jefferson Ave Newport News, VA 23601

    Sponsored
    For Sale
    $425,000

    Prime Newport News Commercial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.12-acre commercial parcel, located at 10764 Jefferson Avenue in Newport News, Virginia (zip code 23601), presents a unique investment opportunity. Priced attractively below assessed value at $425,000, this land is ideally suited for retail development. Its prime location offers excellent visibility and accessibility, boasting close proximity to a variety of existing retail outlets, restaurants, and other businesses. The property features an existing pylon sign, providing immediate branding potential for future tenants. The 1.12-acre lot size provides ample space for a variety of development options, catering to diverse business needs. This is a rare opportunity to acquire a highly desirable commercial land parcel in a thriving Newport News location. The property's strategic positioning ensures high foot traffic and strong visibility, making it an ideal investment for both established businesses and new ventures seeking a prominent presence in a bustling commercial area. The existing infrastructure and convenient location minimize development hurdles, promising a streamlined and efficient project timeline. Serious inquiries are encouraged to explore this exceptional investment opportunity further.

    Property Features for 10764 Jefferson Ave

    General Information

    Property type
    Land
    Lot Size
    48,787 SF

    HighLights

    • 1.12‑acre commercial lot in Newport News, VA (23601) at 10764 Jefferson Avenue.
    • Priced below assessed value at $425,000, ideal for retail development.
    • Excellent visibility and accessibility, near other businesses.
    • Features an existing pylon sign.
    • Ample space for various development options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Zen Bathroom Remodeling ... Bathroom Remodeler

    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
    -76.4616861
    Latitude
    37.0539369

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    FAQs

    What type of property is this?
    Land - Prime Newport News Commercial Lot
    Where is this land located?
    The property is located at 10764 Jefferson Ave Newport News, VA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 1.12-acre commercial lot in Newport News, VA (23601) at 10764 Jefferson Avenue.; Priced below assessed value at $425,000, ideal for retail development.; Excellent visibility and accessibility, near other businesses.
    Request Owner's contact information
    10764 Jefferson Ave Newport News, VA 23601
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    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
    10764 Jefferson Ave Newport News, VA 23601
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