605-639 Pilot House Dr Newport News, VA 23606
This exceptional retail opportunity is located at 605-639 Pilot House Drive in Newport News, Virginia, zip code 23606. The Shoppes at Oyster Point offers 33,976 square feet of commercial space in a thriving business district. Currently, 5,360 square feet is available, divisible into units ranging from a minimum of 1,360 square feet to a maximum contiguous space of 4,000 square feet. The property sits on a 2.66-acre lot and was built in 1988. It's zoned C-1 (convenience commercial), ideal for a variety of retail uses. The location is highly desirable, situated at the intersection of Jefferson Avenue and Pilot House Drive, directly adjacent to Oyster Point Park. This prime location benefits from its proximity to Oyster Point, a premier business district boasting over 850 businesses and 17,000 employees, making it a significant office submarket in Hampton Roads with nearly 2 million square feet of office space. Further enhancing the area's appeal is the ongoing development of City Center at Oyster Point, a substantial mixed-use project encompassing retail, office, hotel, and residential components. This dynamic environment ensures high visibility and significant foot traffic for potential tenants.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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