9302 Warwick Blvd Newport News, VA 23601
For Sale
1 / 33
This exceptional 12,832 square foot commercial property, located at 9302 Warwick Blvd in Newport News, Virginia, presents a unique investment opportunity. Built in 1950 and situated on a 1.1-acre lot, this two-story Class B building offers versatile usage potential. Currently zoned O-1, permitted uses include medical office, school, adult day care, rehabilitation facility, and community center. The asking price is $1,650,000, translating to a price per square foot of $128.58. The property's prime location is just outside of Historic Hilton Village, conveniently across from Huntington Park, ensuring high visibility and accessibility. The building is ready for occupancy on March 1st, 2024. With its substantial size and flexible zoning, this property is ideal for a variety of commercial ventures, offering a strong return on investment. The property's diverse permitted uses allow for a wide range of potential buyers and tenants, making it a highly attractive investment opportunity in a desirable location. The ample lot size provides additional development potential, further enhancing its value. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving area of Newport News.
-
Mid-Atlantic Teen Challenge Social Service Agency Charitable Organization
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
O1 · 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.