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    6128 Jefferson Ave Newport News, VA 23605

    Sponsored
    For Sale
    Contact for pricing

    High-visibility 3.26-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.26-acre commercial land parcel presents a remarkable investment opportunity in Newport News, Virginia. Located at 6128 Jefferson Avenue, this property boasts 432 feet of frontage on a major thoroughfare, ensuring unparalleled visibility and accessibility. The permitted zoning is C-1 Retail Commercial, offering a wide range of development possibilities. Its strategic location directly across Jefferson Avenue from a Walmart supercenter guarantees high traffic volume and significant consumer exposure. Further enhancing its appeal is a stoplight at the intersection of Brooke Street, providing convenient and safe ingress and egress to and from Jefferson Avenue. The property's size and prime location make it ideal for a variety of commercial ventures, from retail establishments to restaurants and other businesses seeking high visibility and convenient access. The address is 6128 Jefferson Ave, Newport News, VA 23605, within the city of Newport News, in the state of Virginia. This is a rare opportunity to acquire a substantial commercial land parcel in a high-traffic area with excellent visibility and access. The property's potential for significant return on investment is undeniable.

    Property Features for 6128 Jefferson Ave

    General Information

    Property type
    Land
    Lot Size
    142,006 SF

    HighLights

    • Excellent street access via Brooke Street signalized intersection.
    • Across Jefferson Avenue from a Walmart Supercenter.
    • High visibility from high‑traffic Jefferson Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Newport News city
    State
    Virginia
    Longitude
    -76.4461636
    Latitude
    37.0232336

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    FAQs

    What type of property is this?
    Land - High-visibility 3.26-acre commercial lot.
    Where is this land located?
    The property is located at 6128 Jefferson Ave Newport News, VA.
    What are key features of this property?
    This property features: Excellent street access via Brooke Street signalized intersection.; Across Jefferson Avenue from a Walmart Supercenter.; High visibility from high-traffic Jefferson Avenue.
    (757) 333-4382
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    6128 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
    6128 Jefferson Ave Newport News, VA 23605
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