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    8901 George Washington Memorial Hwy Newport News, VA 23690

    Sponsored
    For Sale
    $685,000

    1.24-2.7 Acres, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land parcel, encompassing 1.24 to 2.7 acres, presents a remarkable investment opportunity in Yorktown, Virginia. Located at 8901 and 9009 George Washington Memorial Highway (Route 17), this property boasts an impressive 850 feet of frontage, ensuring unparalleled visibility for any commercial venture. The site benefits from a highly visible intersection at a median break, maximizing exposure to a substantial daily traffic volume. All utilities are readily available on-site, simplifying development and reducing upfront costs. The property is zoned LB (Limited Business), offering flexibility for a range of commercial uses. The asking price is $685,000, translating to a land value of $3.99 per square foot. Its strategic location across from York High School and a new senior community provides a strong demographic base and significant potential for sustained growth. This prime location offers exceptional accessibility and visibility, making it an ideal site for businesses seeking high-traffic exposure in a thriving community. The substantial lot size allows for ample development possibilities, catering to a variety of commercial needs. Don't miss this chance to acquire a highly desirable commercial property in a rapidly developing area.

    Property Features for 8901 George Washington Memorial Hwy

    General Information

    Property type
    Land
    Lot Size
    54,014 SF

    HighLights

    • High‑visibility intersection at median break, maximizing traffic exposure.
    • All utilities available on‑site.
    • 850 feet of frontage on Route 17.
    • Adjacent to York High School and a new senior living community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Dental Office Hair Salon Pharmacy Kitchen & Bath Food Market HVAC Service Grocery Store Barber Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    York
    State
    Virginia
    Longitude
    -76.5372625
    Latitude
    37.2173184

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    FAQs

    What type of property is this?
    Land - 1.24-2.7 Acres, High Visibility
    Where is this land located?
    The property is located at 8901 George Washington Memorial Hwy Newport News, VA.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: High-visibility intersection at median break, maximizing traffic exposure.; All utilities available on-site.; 850 feet of frontage on Route 17.
    (757) 867-8777
    Request Owner's contact information
    8901 George Washington Memorial Hwy Newport News, VA 23690
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    Newport News, VA 23690
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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
    8901 George Washington Memorial Hwy Newport News, VA 23690
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