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    OFF-MARKET
    Commercial land

    10751 Jefferson Ave, Newport News, VA 23601-2719

    0.71 ac lot
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US87-0907134
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Jaap Mahantji LLC · 1 yrs held
    Jaap Mahantji LLC
    since 2024
    Last sale
    $300,000
    1 recorded transaction
    2024
    $300,000
    Zoning & alternative use
    C1 · Newport News, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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