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Property profile & analytics

701 Town Center Dr Newport News, VA 23606

  • Commercial real estate
  • 119,058 SF
  • 0.49 lot acres
For Lease
Last Sale
Dec 17, 2021
$74,000,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US87-1331689
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.

Current Use by Public Records

  • City Center at Oyster Point / Shopping Center & Mall
  • Robert C. Miller / Law Firm
  • LPL Financial / Financial Advisor
  • Sheild III Conway H / Law Firm
  • Brown Edwards / Accounting Firm / Tax Preparation

Property Details for 701 Town Center Dr

Year built
2002
Construction
FRAME
Lot size
0.49 lot acres
Property size
119,058 SF
Zone code
C4
Property type
Commercial real estate
APN
195000414
APU
195000414

Description

This exceptional Class A office space, located at 701 Town Center Dr in Newport News, Virginia's Oyster Point submarket (Peninsula cluster), offers a prime opportunity for businesses seeking modern, efficient workspace. The City Center at Oyster Point - Fountain Plaza One building boasts 117,000 square feet across 10 stories, constructed in 2002. Units range from a minimum of 2,646 square feet to a maximum contiguous space of 20,210 square feet, providing flexibility for various business needs. The building features ample parking with 400 spaces and convenient elevator access. The property sits on 2.07 acres of land, with a building floor area ratio (FAR) of 2.08. Its C4 zoning designation allows for a wide range of commercial uses. The property's location offers easy access via Merchants Walk cross street. Annual property taxes are $1.38 per square foot. This move-in ready space presents a turnkey solution for businesses seeking immediate occupancy in a highly desirable location. The property's APN is 195.00-04-14 and the zip code is 23606. This is a multi-tenant building offering a variety of options to suit your business needs.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Newport News
County
Newport News City
State
Virginia
Longitude
-76.4745
Latitude
37.0878
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
$240,700
$637,500
$19,610,100
$20,247,600
-
$637,500
$19,610,100
$20,247,600
More about this property
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