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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

11820 Merchants Walk Newport News, VA 23606

250,000 SF
Property ID
Property summary
AI-generated overview

City Center at Oyster Point offers an exceptional retail investment opportunity in Newport News, Virginia. This Class A property boasts 250,000 square feet of retail space within a vibrant 52-acre mixed-use development. Currently, 32,042 square feet of retail space is available, divisible into units ranging from a minimum of 1,135 square feet to a maximum contiguous space of 5,923 square feet. Twenty individual spaces are available for lease. The property is located at 11820 Merchants Walk, Newport News, VA 23606, offering convenient access and high visibility. The larger development includes one million square feet of Class A office space and 600 residential units, creating a high-density, thriving community with significant foot traffic and consumer base. This presents a unique chance to establish or expand a retail presence in a dynamic and rapidly growing area. The property's location in Newport News city, within a high-density mixed-use development, ensures strong potential for return on investment. The ample lot size and existing infrastructure provide significant flexibility for future development or expansion. This is a rare opportunity to secure prime retail space in a thriving community.

Property profile
Verified
Property type Retail properties & Spaces
Total area 250,000 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
Current use
Occupant on record · Public records
  • Modish Muse Events and Luxury Rentals Event Planning Wedding Service
  • Newport News Sister Cities Charitable Organization Social Service Agency
  • Hayashi Sushi & Grill Restaurant
  • Saladworks Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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