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    555 Denbigh Blvd Newport News, VA 23608

    Sponsored
    For Sale
    $415,000

    1.5 Acres, C1 Zoning, $415,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.5-acre commercial land parcel in Newport News, Virginia, presents a unique investment opportunity. Located at 555 Denbigh Boulevard, zip code 23608, the property boasts a highly desirable C1 zoning designation, opening doors to a wide range of commercial uses. The land itself is a significant advantage, already improved with leveling, clearing, and partial paving, significantly reducing development costs and timelines. This ready-to-develop site offers substantial savings compared to raw land requiring extensive preparation. The property's 1.5-acre size provides ample space for various commercial ventures. While the entire parcel is listed at $415,000, it's important to note that the property is divisible. Individual lots are available for purchase separately. Lot M, encompassing 0.92 acres with 120 feet of frontage, is priced at $250,000. Lot N, measuring 0.56 acres and featuring 70 feet of frontage, is offered at $165,000. This flexibility allows for tailored acquisitions to suit diverse business needs and budgets. This prime location in Newport News offers excellent visibility and accessibility, making it an ideal site for businesses seeking a strong foothold in a thriving market. Don't miss this chance to secure a valuable piece of commercial real estate in a strategic location.

    Property Features for 555 Denbigh Blvd

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • $415,000 asking price for 1.5 acres of commercial land.
    • Located at 555 Denbigh Blvd, Newport News, VA 23608.
    • C1 zoning.
    • Level, cleared, and partially paved.
    • Can be purchased as two separate parcels: Lot M (.92 acres, $250,000) and Lot N (.56 acres, $165,000).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Jaob Almeida Doctor Merry Maids of Newport ... House Cleaning Service TPMG CLINIC Doctor Peninsula Family Medicine Family Practice Physician Dr. Baher Basta Nephrologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -76.52170458
    Latitude
    37.13752037

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    FAQs

    What type of property is this?
    Land - 1.5 Acres, C1 Zoning, $415,000
    Where is this land located?
    The property is located at 555 Denbigh Blvd Newport News, VA.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: $415,000 asking price for 1.5 acres of commercial land.; Located at 555 Denbigh Blvd, Newport News, VA 23608.; C1 zoning.
    Request Owner's contact information
    555 Denbigh Blvd Newport News, VA 23608
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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
    555 Denbigh Blvd Newport News, VA 23608
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