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99 Main St Newport News, VA 23601-4039

OFF-MARKET Commercial real estate Google Maps
2,446 SF 0.1 ac lot Built 1965
Entity Owned 1-yr Hold ~ Est. High Equity
Estimated value (blended)
$650k
Range $585k – $715k (±10%)
Property ID US87-0471922

Property summary

AI-generated overview

This exceptional 2,446-square-foot commercial property, located at 99 Main Street in the heart of Newport News's historic Hilton neighborhood, presents a unique opportunity for a restaurant or retail business. Built in 1965, the single-tenant space is currently vacant and fully equipped, offering immediate occupancy. The property's prime location provides easy access to key areas of Newport News, including the Riverside, Mariners Museum, Christopher Newport University (CNU), and the Hidenwood trade areas. This ensures high visibility and convenient access for potential customers. The building's 2,446 square feet offer ample space for a variety of business ventures, allowing for creative layout and design to suit individual needs. The charming and quaint atmosphere of the Hilton neighborhood adds to the property's appeal, creating a unique and desirable location for businesses seeking a distinctive setting. The property is situated in Newport News city, Virginia, zip code 23601. This fully equipped space is available for lease or sale, presenting a flexible option for prospective buyers or tenants. The property's location within the vibrant Hilton neighborhood offers a blend of historical charm and modern convenience, making it an ideal location for a thriving business. This is a rare opportunity to establish a presence in a highly sought-after area of Newport News.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1965
Construction FRAME
Total area 2,446 SF
Lot 0.1 ac (4,356 SF)
Zoning code C1
APN 266000149
UPID US87-0471922

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$650k
CAP Approach CAP
by Request
Comparable Approach Comparable
$422k
Blend (final) Blend
$650k

Owner & transaction history

since 2024
Last sale
$650,000
3 recorded transactions
2024
$650,000
2021
Price N/A
2015
$349,000

Zoning & alternative use

C1 · Newport News, VA
Zoning description

om the content or provision of the data. Fort Eustis JLUS Study Area Fort Eustis City of Newport News Boundary County Boundary York County Zoning EO GB IG IL LB NB PD R7 R13 R20 R33 RMF RR RC WCI YVA Newport News Zoning…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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