2700 Washington Ave Newport News, VA 23607
- Commercial real estate
- 18,085 SF
- 0.52 lot acres
Current Use by Public Records
- Blalock David G / Apartment Building
Property Details for 2700 Washington Ave
- Year built
- 1974
- Construction
- FRAME
- Lot size
- 0.52 lot acres
- Property size
- 18,085 SF
- Zone code
- C3
- Property type
- Commercial real estate
- APN
- 311030212
- APU
- 311030212
Description
This exceptional 10,000 square foot office building in vibrant downtown Newport News, Virginia, offers multiple tenancy options. Six individual suites are currently available, ranging in size from a highly efficient 580 square feet to a spacious 1,595 square feet. The entire 10,000 square foot building is also available for lease. The property is ideally situated at 2700 Washington Ave, Newport News, VA 23607. Its prime location provides excellent visibility and accessibility. A unique opportunity exists for a drive-thru establishment, such as a sandwich shop or coffee cafe, given the building's design. The building's layout is well-suited for general office use, with adaptable spaces to accommodate various business needs. Whether you require a small, efficient workspace or a larger, expansive office, this property offers a flexible and convenient solution. The building's total square footage is 10,000 square feet, with a minimum divisible space of 580 square feet. Currently, the entire 10,000 square feet is vacant and ready for immediate occupancy. This presents a rare chance to secure a prominent location in a thriving downtown area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $565,000
- 6.5%
- $540,000
- 7%
- $520,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $575,000
- Geo Method
- $460,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $440,000
- Retail
- $490,000
- Mixed-Use
- $445,000
- Hospitality
- $465,000
- Educational
- $500,000
- Residential Income
- $430,000
- Energy
- $470,000
- Income-Based Land
- $510,000
- Food Service
- $580,000
Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Newport News City
- State
- Virginia
- Longitude
- -76.4308
- Latitude
- 36.9794
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
