10751 Jefferson Ave, Newport News, VA 23601-2719
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Newport News, VANewport News. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.