11820 Merchants Walk Newport News, VA 23606
- Retail properties
- 250,000 SF
Current Use by Public Records
- Modish Muse Events and Luxury Rentals / Event Planner
- Newport News Sister Cities / Non-Profit Organization / Cultural Center
- Hayashi Sushi & Grill / Sushi Restaurant
- Saladworks / Salad Shop
Property Details for 11820 Merchants Walk
- Property size
- 250,000 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Newport News city
- State
- Virginia
- Longitude
- -76.4745
- Latitude
- 37.086
