10614 Jefferson Ave Newport News, VA 23601
- Commercial land
- 48 SF
- 2.59 lot acres
Current Use by Public Records
- Commercial land
Property Details for 10614 Jefferson Ave
- Year built
- 1973
- Lot size
- 2.59 lot acres
- Property size
- 48 SF
- Zone code
- C1
- Property type
- Commercial land
- APN
- 248000754
- APU
- 248000754
Description
This exceptional 2.59-acre commercial property is situated on a signalized corner of heavily trafficked Jefferson Avenue in Newport News, Virginia, boasting an impressive 45,000 vehicles per day traffic count. The site offers 400 feet of frontage on Jefferson Avenue and includes two curb cuts, providing excellent accessibility. Zoned C-1, this location permits a wide range of commercial uses by right, including retail, office, medical, educational facilities, and hotel/motel development. Numerous additional uses are also possible with a conditional use permit, offering significant flexibility for redevelopment projects. This prime location presents a remarkable opportunity for investors seeking a high-visibility site with substantial development potential. The property is available for sale or ground lease, making it an attractive option for various investment strategies. The significant traffic volume, prominent location, and flexible zoning regulations combine to create a compelling investment opportunity in a thriving Virginia market. This is an ideal site for a variety of commercial ventures, capitalizing on the high daily traffic count and excellent visibility.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Newport News City
- State
- Virginia
- Longitude
- -76.4596
- Latitude
- 37.0495
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
