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Property profile & analytics
OFF-MARKET
Land

8901 George Washington Memorial Hwy Newport News, VA 23690

1.24 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 1.24 ac (54,014 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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