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    5200 Mercury Blvd Newport News, VA 23605

    For Lease
    Contact for pricing

    17,574 SF End Cap Space Available

    Lot size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 17,574 square foot retail or office space presents a unique investment opportunity in the thriving Newmarket Fair shopping center in Newport News, Virginia. Located at 5200 W Mercury Blvd, zip code 23605, this end-cap space is carved from the former Sears building, offering high visibility and accessibility. The property sits on one acre of land and is zoned C-2, allowing for a variety of commercial uses. The space is part of a larger redevelopment project, with the eastern half of the building being converted into high-end self-storage. This prime location boasts significant traffic, situated along heavily trafficked West Mercury Boulevard (45,000 vehicles per day) and at the front entrance of Net Center, the largest office complex in Hampton (560,000 square feet), ensuring high foot traffic and visibility. The total building size is 100,000 square feet, with this available space spanning two floors. This presents a rare chance to establish a presence in a dynamic and well-established commercial area. The property's strategic location and ample square footage make it ideal for a variety of businesses seeking high visibility and convenient access to a large customer base. Newport News, VA offers a strong local economy and a growing population, making this a compelling investment opportunity.

    Property Features for 5200 Mercury Blvd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,000 SF

    Unit(s) available at that property

    Space
    End Cap Retail or Office (1st floor)
    Size
    17,574 SF

    HighLights

    • 17,574 SF end‑cap retail space available. 12' clear height (18' to joists).
    • High‑traffic location near major employers and economic drivers.
    • Excellent interstate access, near Newport News/Williamsburg Airport and the Newport News Shipyard (26,000 employees).
    • Adjacent to Net Center offices and a new 185,000 SF self‑storage facility.
    • Less than one mile from the James River Bridge and under three miles from I‑64 and I‑664.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sears Appliance Repair Appliance Repair Service Go Store It ... Self-Storage Facility Amsec LLC Engineering Consultant Admiral Security Services Security Guard Service Maximus Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    State
    Virginia
    Longitude
    -76.4395526
    Latitude
    37.0236966

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    FAQs

    What type of property is this?
    Lifestyle center - 17,574 SF End Cap Space Available
    Where is this lifestyle center located?
    The property is located at 5200 Mercury Blvd Newport News, VA.
    What are key features of this property?
    This property features: 17,574 SF end-cap retail space available. 12' clear height (18' to joists).; High-traffic location near major employers and economic drivers.; Excellent interstate access, near Newport News/Williamsburg Airport and the Newport News Shipyard (26,000 employees).
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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
    5200 Mercury Blvd Newport News, VA 23605
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