8901 George Washington Memorial Hwy Newport News, VA 23690
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.