555 Denbigh Blvd Newport News, VA 23608
- Commercial real estate
- 11,317 SF
- 1.12 lot acres
Current Use by Public Records
- Dr. Jaob Almeida / Doctor
- Merry Maids of Newport News / House Cleaning Service / Service Establishment
- TPMG CLINIC / Doctor
- Peninsula Family Medicine / Family Practice Physician
- Dr. Baher Basta / Nephrologist / Internist
Property Details for 555 Denbigh Blvd
- Year built
- 1988
- Construction
- FRAME
- Lot size
- 1.12 lot acres
- Property size
- 11,317 SF
- Zone code
- C1
- Property type
- Commercial real estate
- APN
- 99000214
- APU
- 99000214
Description
This exceptional 1.5-acre commercial land parcel in Newport News, Virginia, presents a unique investment opportunity. Located at 555 Denbigh Boulevard, zip code 23608, the property boasts a highly desirable C1 zoning designation, opening doors to a wide range of commercial uses. The land itself is a significant advantage, already improved with leveling, clearing, and partial paving, significantly reducing development costs and timelines. This ready-to-develop site offers substantial savings compared to raw land requiring extensive preparation. The property's 1.5-acre size provides ample space for various commercial ventures. While the entire parcel is listed at $415,000, it's important to note that the property is divisible. Individual lots are available for purchase separately. Lot M, encompassing 0.92 acres with 120 feet of frontage, is priced at $250,000. Lot N, measuring 0.56 acres and featuring 70 feet of frontage, is offered at $165,000. This flexibility allows for tailored acquisitions to suit diverse business needs and budgets. This prime location in Newport News offers excellent visibility and accessibility, making it an ideal site for businesses seeking a strong foothold in a thriving market. Don't miss this chance to secure a valuable piece of commercial real estate in a strategic location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,390,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,130,000
- 6.5%
- $3,330,000
- 7%
- $3,190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,385,000
- Geo Method
- $3,335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,940,000
- Retail
- $2,655,000
- Mixed-Use
- $3,235,000
- Hospitality
- $3,235,000
- Educational
- $3,495,000
- Residential Income
- $2,560,000
- Energy
- $3,335,000
- Income-Based Land
- $2,945,000
- Food Service
- $2,610,000
Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Newport News City
- State
- Virginia
- Longitude
- -76.5229
- Latitude
- 37.1376
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
