216 23Rd St Newport News, VA 23607
This exceptional opportunity presents three available restaurant spaces within the redeveloped Bloxom Brothers Building, a historic industrial property in the vibrant Downtown Newport News submarket of Virginia. Located at 216 23rd Street, zip code 23607, this free-standing building offers spaces ranging from 1,500 to 4,500 square feet, perfect for a variety of restaurant concepts. Each space is designed to accommodate restaurant operations, featuring pre-installed grease ducts, a high-capacity HVAC system (8-10 tons), and substantial electrical power (up to 400 amps). One ADA-compliant bathroom is included in each space. The building benefits from ample street parking, a significant advantage in a bustling downtown area. The landlord is open to providing tenant improvement allowances, contingent upon the specific use and tenant needs. This prime location in Downtown Newport News offers excellent visibility and accessibility, making it an ideal setting for a thriving restaurant business. The building's rich history and modern amenities combine to create a unique and attractive space for prospective tenants. Contact us today to learn more about leasing options and available tenant improvement allowances.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.