10158 Jefferson Ave Newport News, VA 23605-1047

Property Details for 10158 Jefferson Ave

Year built

1979

Construction

FRAME

Lot size

1.66 lot acres

Property size

2,356 SF

Zone code

C2

Property type

Commercial real estate

APN

259000204

APU

259000204

Description

This exceptional 1.66-acre commercial property, located at 10158 Jefferson Avenue in Newport News, Virginia (zip code 23605), presents a unique investment opportunity. The property boasts a prime location with an average daily traffic count of 46,000 vehicles, placing it within easy reach of a substantial customer base. Its proximity to Newport News Shipbuilding, just 4.5 miles away, further enhances its appeal. The site is zoned C-2, General Commercial, allowing for a wide range of development possibilities. Currently featuring a roughly 2,300 square foot building, the property offers flexibility. This existing structure could be renovated to suit a variety of needs or demolished to make way for new construction. Should the smaller building remain, there's ample space to construct an additional building of approximately 8,000 square feet. The total square footage of the land is 8,000 square feet. The property's assessed value is $810,200, but it's offered at a significantly reduced price of $500,000 for a quick sale. This presents a compelling opportunity for investors seeking a high-traffic location with significant development potential in a thriving commercial area. Don't miss this chance to acquire a valuable asset in a strategic location.