12515 Warwick Blvd Newport News, VA 23606
- Medical offices
- 19,939 SF
- 1.89 lot acres
Current Use by Public Records
- Medical offices
Property Details for 12515 Warwick Blvd
- Year built
- 1980
- Lot size
- 1.89 lot acres
- Property size
- 19,939 SF
- Property type
- Medical offices
- APN
- 202.00-14-87
Description
This 19,939-square-foot, three-story office building at 12515 Warwick Boulevard in Newport News, Virginia, presents a unique redevelopment opportunity. Situated on a 1.89-acre corner lot with high visibility and over 29,000 daily vehicle counts, the property boasts significant frontage on Warwick Boulevard. Currently vacant, the building features ten units, including two oversized first-floor suites (one a former bank with a large walk-in safe), and multiple second and third-floor suites with private restrooms. Some demolition and renovation work has already begun. The building, constructed in 1980, is classified as Class C and includes 65 parking spaces. Recent improvements include a roof replacement (2021), HVAC repairs/replacements (2019-2023), and partial window replacements (2021). The property is zoned O-1 (Office), offering potential for various uses, including apartment or condo conversion, renovation, or new construction. The asking price is $1,595,000, with a land value of approximately $1,231,700 per square foot. This prime location near Christopher Newport University in Hidenwood offers exceptional potential for investors and developers. The building's steel frame and masonry exterior are in average condition, with an effective age of 25 years.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Hampton City
- State
- Virginia
- Longitude
- -76.495857714301
- Latitude
- 37.077594687952
