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    12095 Jefferson Ave Newport News, VA 23606

    Sponsored
    For Sale
    Contact for pricing

    .98-acre lot, high-traffic retail area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional .98-acre commercial land parcel presents a unique investment opportunity in Newport News, Virginia. Located at 12095 Jefferson Avenue, this property enjoys a highly visible position directly across from the bustling Marketplace at Tech Center, home to popular retailers such as Whole Foods and DSW. Jefferson Avenue, a major artery, sees a remarkable 52,000 vehicles daily in this section near Oyster Point Road, ensuring significant exposure for any development. The property's C-1 zoning allows for a wide range of commercial uses, including retail establishments, office spaces, and early childhood education facilities, providing flexibility for diverse development plans. This prime location offers unparalleled access to a dense population base and strong consumer traffic, making it an ideal site for businesses seeking high visibility and convenient access. The 0.98-acre lot provides ample space for a variety of development projects, catering to a range of commercial needs. This is a rare opportunity to acquire a strategically located commercial property in a thriving retail corridor. The property's size, zoning, and location combine to create a compelling investment prospect with significant potential for future growth and return. The high traffic count and proximity to established businesses make this an exceptional opportunity for investors and developers alike.

    Property Features for 12095 Jefferson Ave

    General Information

    Property type
    Land
    Lot Size
    42,689 SF

    HighLights

    • 0.98‑acre commercial land parcel in Newport News, VA.
    • Located on Jefferson Avenue, a high‑traffic retail corridor (52,000 VPD).
    • Directly across from the Marketplace at Tech Center (anchored by Whole Foods and DSW).
    • Zoned C‑1, allowing for various retail, office, and early education uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    PNC ATM Atm Wawa Fast Food Restaurant Washplex Express Car ... Car Wash

    Suggested Use

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

    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
    -76.4923243
    Latitude
    37.1004823

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    FAQs

    What type of property is this?
    Land - .98-acre lot, high-traffic retail area.
    Where is this land located?
    The property is located at 12095 Jefferson Ave Newport News, VA.
    What are key features of this property?
    This property features: 0.98-acre commercial land parcel in Newport News, VA.; Located on Jefferson Avenue, a high-traffic retail corridor (52,000 VPD).; Directly across from the Marketplace at Tech Center (anchored by Whole Foods and DSW).
    (757) 282-6510
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    12095 Jefferson Ave Newport News, VA 23606
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    Newport News, VA 23606
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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
    12095 Jefferson Ave Newport News, VA 23606
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