3700 Washington Ave Newport News, VA 23607-2727
Property profile & analytics
3700 Washington Ave Newport News, VA 23607-2727
- Commercial real estate
- 9,339 SF
- 0.20 lot acres
Property ID
US87-3986207
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 3700 Washington Ave
- Year built
- 1930
- Construction
- FRAME
- Lot size
- 0.20 lot acres
- Property size
- 9,339 SF
- Zone code
- C3
- Property type
- Commercial real estate
- APN
- 304020328
- APU
- 304020328
Description
This exceptional mixed-use property in Newport News, VA, presents a lucrative investment opportunity. Located at 3700 Washington Ave, this 9,339 square foot building comprises two structures, each two stories high, built in 1930 and situated on an 8,895 square foot lot. The property is zoned for mixed use and currently features seven spacious one-bedroom, one-bathroom apartments, generating significant rental income. In addition to the residential units, there are three or four income-producing commercial spaces, including a restaurant and storefront, offering diverse revenue streams. The asking price is $725,000, translating to $77.63 per square foot. Major infrastructure improvements, including plumbing and electrical upgrades, have already been completed, significantly reducing renovation costs. The property is offered as an LLC ownership. Further customization is possible, with options to add a studio apartment or a laundry facility to enhance the property's appeal and rental income. This is a rare chance to acquire a well-located, multi-faceted property with significant upside potential in a thriving Virginia market. The property's strong foundation and existing income streams make it an ideal investment for both seasoned investors and those seeking a high-return opportunity. Don't miss this chance to acquire a prime mixed-use property in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Newport News City
- State
- Virginia
- Longitude
- -76.4349
- Latitude
- 36.9857
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,778
$78,500
$93,400
$171,900
-
$78,500
$93,400
$171,900
