5200 Mercury Blvd, Newport News, VA 23605-1445
This exceptional 17,574 square foot retail or office space presents a unique investment opportunity in the thriving Newmarket Fair shopping center in Newport News, Virginia. Located at 5200 W Mercury Blvd, zip code 23605, this end-cap space is carved from the former Sears building, offering high visibility and accessibility. The property sits on one acre of land and is zoned C-2, allowing for a variety of commercial uses. The space is part of a larger redevelopment project, with the eastern half of the building being converted into high-end self-storage. This prime location boasts significant traffic, situated along heavily trafficked West Mercury Boulevard (45,000 vehicles per day) and at the front entrance of Net Center, the largest office complex in Hampton (560,000 square feet), ensuring high foot traffic and visibility. The total building size is 100,000 square feet, with this available space spanning two floors. This presents a rare chance to establish a presence in a dynamic and well-established commercial area. The property's strategic location and ample square footage make it ideal for a variety of businesses seeking high visibility and convenient access to a large customer base. Newport News, VA offers a strong local economy and a growing population, making this a compelling investment opportunity.
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Sears Appliance Repair Home Appliance Store
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Go Store It Self Storage Storage Facility
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Amsec LLC Engineering Consultant
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Admiral Security Services Security Service
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Maximus Corporate Office
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
14 C-2 LIMITED COMMERCIAL · 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.