Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C1 · Newport News, VAom 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…
Zoning
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Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 in Newport News, VA.
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