950 Omni Blvd Newport News, VA 23602
- Industrial land
- 5.06 lot acres
Current Use by Public Records
- Industrial land
Property Details for 950 Omni Blvd
- Lot size
- 5.06 lot acres
- Zone code
- C4
- Property type
- Industrial land
- APN
- 185000105
- APU
- 185000105
Description
This exceptional 5.06-acre commercial land parcel is ideally situated at 950 Omni Boulevard in Newport News, Virginia, zip code 23602. Zoned C-4 (Hotel), this property presents a unique investment opportunity within the Oyster Point Industrial/office Park, a thriving business community recognized as the Peninsula's premier location. The site boasts unparalleled visibility from I-64 and the J Clyde Morris Blvd. exit, ensuring maximum exposure for any development. Its adjacency to the Magnuson Hotel (formerly the Omni Hotel) further enhances its strategic position within a vibrant area featuring over two million square feet of office space, numerous hotels, shopping centers, a mall, and a concentration of banking, legal, and research facilities. The property's size and zoning allow for a wide range of development possibilities, making it an attractive prospect for investors seeking high-impact commercial projects. A pylon sign is also available, adding to the property's marketing potential. This is a rare opportunity to acquire a significant land parcel in a prime location with exceptional visibility and access to a robust infrastructure. The asking price for this remarkable property is $800,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Newport News City
- State
- Virginia
- Longitude
- -76.4615
- Latitude
- 37.088
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
