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Property profile & analytics
OFF-MARKET
Restaurants

216 23Rd St Newport News, VA 23607

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Restaurants
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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