Property summary
This exceptional medical office building, located at 321 Main St, Newport News, VA 23601, presents a unique investment opportunity. Constructed in 1961, the 12,123 square foot building offers a total of three suites, with a minimum divisible space of 2,373 square feet and larger spaces available up to 5,080 square feet. The property is ideally suited for medical practices seeking flexible and adaptable space in a well-established location. Its multiple tenancy structure allows for diverse occupancy, providing potential for strong rental income. The building's prime location in Newport News offers excellent visibility and accessibility, ensuring convenient access for patients and staff. This is a rare opportunity to acquire a well-maintained medical office building in a thriving Virginia market. The property's solid construction and established tenant base make it an attractive investment for both seasoned and emerging investors in the healthcare real estate sector. The building's layout is designed to accommodate a variety of medical specialties, offering ample space for examination rooms, waiting areas, and administrative offices. With its strategic location and versatile space options, this property is poised for continued success and strong returns. Serious inquiries are encouraged to explore this exceptional investment opportunity further.
Property profile
VerifiedCap rate & NOI
Current use
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High School Daycare Center
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Pediatrician Medical Clinic
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Pediatrician Medical Clinic
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Physician
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Pediatrician Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
nt 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 C1 C2 M1 M2…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
O1 · Newport News, VAnt 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 C1 C2 M1 M2…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
nt 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 C1 C2 M1 M2…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for O1 in Newport News, VA.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning