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    FOR SALE
    Industrial land

    950 Omni Blvd, Newport News, VA 23602

    5.06 ac lot
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US87-1176872
    Property summary
    AI-generated overview

    This exceptional 5.06-acre commercial land parcel is ideally situated at 950 Omni Boulevard in Newport News, Virginia, zip code 23602. Zoned C-4 (Hotel), this property presents a unique investment opportunity within the Oyster Point Industrial/office Park, a thriving business community recognized as the Peninsula's premier location. The site boasts unparalleled visibility from I-64 and the J Clyde Morris Blvd. exit, ensuring maximum exposure for any development. Its adjacency to the Magnuson Hotel (formerly the Omni Hotel) further enhances its strategic position within a vibrant area featuring over two million square feet of office space, numerous hotels, shopping centers, a mall, and a concentration of banking, legal, and research facilities. The property's size and zoning allow for a wide range of development possibilities, making it an attractive prospect for investors seeking high-impact commercial projects. A pylon sign is also available, adding to the property's marketing potential. This is a rare opportunity to acquire a significant land parcel in a prime location with exceptional visibility and access to a robust infrastructure. The asking price for this remarkable property is $800,000.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Lot 5.06 ac (220,414 SF)
    Zoning code C4
    APN 185000105
    UPID US87-1176872
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    ECONCOM
    ECONCOM
    Zoning & alternative use
    C4 · Newport News, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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