Property profile

10751 Jefferson Ave Newport News, VA 23601

OFF-MARKET
Commercial land
Property ID
US87-0907134
0.71 ac lot
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1.44-acre commercial land parcel, located at 10751/10753 Jefferson Avenue in Newport News, Virginia (zip code 23601), presents a prime investment and development opportunity. The property boasts highly desirable C1 zoning, allowing for a wide range of commercial uses. Conveniently situated on Jefferson Avenue, the land offers both right-turn entrance access and a left-turn median break access, ensuring excellent visibility and accessibility for potential businesses. Adding to its appeal, the seller will handle the demolition and removal of the existing structure, leaving the land ready for immediate development. This location falls within Newport News Enterprise Zone (VEZ) #3, making the development potentially eligible for various economic incentives, rebates, or waivers, further enhancing its investment potential. The asking price for this strategically located and well-positioned commercial land is $345,000. Coordinates are 37.053609 latitude and -76.463094 longitude. This is a rare opportunity to acquire a ready-to-develop commercial site in a thriving area. Don't miss out on this chance to capitalize on the numerous benefits this property offers.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.71 ac (30,928 SF)
Zoning code C1
APN 247000618
UPID US87-0907134

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10751 Jefferson Ave Newport News, VA 23601-2719
Newport News metro Census 31400 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2024
Last sale
$300,000
1 recorded transaction
2024
$300,000

Zoning & alternative use

C1 · Newport News, VA
Zoning description

om the content or provision of the data. Fort Eustis JLUS Study Area Fort Eustis City of Newport News Boundary County Boundary York County Zoning EO GB IG IL LB NB PD R7 R13 R20 R33 RMF RR RC WCI YVA Newport News Zoning…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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