11021-11025 Jefferson Ave - Auto Dealership FOR SALE


Newport News, VA 23601- Sedgefield
$1,990,000 USD
757-710-7043
11021-11025 Jefferson Ave, Newport News, VA for Sale
$1,990,000 USD
Auto Dealership - FOR SALE
1/62
null | 25% Cap Rate

11021-11025 Jefferson Ave
Newport News, VA 23601
Sedgefield


HIGHLIGHTS

  • Multiple income streams,dealership + service + rent, Value-add opportunity,3-lift shop activation, High-traffic, high-visibility corridor.
  • Fully renovated asset. Excess parking, 130+ major competitive advantage,Strong automotive-use positioning.
  • Fully activate service operations. boost NOI significantly Lease apartment + office additional passive income Expand dealership inventory.

OVERVIEW

Turnkey Automotive Business + Real Estate -High Exposure, Multiple Income Streams, and Scalable Growth Potential. Exceptional opportunity to acquire a fully operational, multi-income automotive asset positioned on one of the highest-traffic corridors in Newport News (40,000+ vehicles/day). This rare mixed-use investment offers immediate income with significant upside through expansion of existing operations. The property consists of three fully renovated buildings totaling approximately 4,840 SF on 0.35 acres, featuring an active car dealership, multiple mechanic shops (including a large 3-lift service facility nearing completion), detailing area, and additional office/flex space. An upstairs residential unit provides additional rental income potential, creating a true multi-stream revenue opportunity. Strategically designed for automotive use, the site includes 130+ parking spaces and 280 feet of frontage on Jefferson Ave, delivering unmatched visibility, accessibility, and operational efficiency for high-volume sales and service businesses. Current operations have been recently established with strong early performance, while the near-completion of the larger mechanic facility presents a clear value-add opportunity to significantly increase revenue and overall NOI. Additional upside exists through leasing of unused office space and residential components. Located in a dense and active market supported by a 394,000+ population within a 10-mile radius and $11.9B in buying power, this asset is ideally positioned for long-term growth and stability. This offering is best suited for owner-users, automotive operators, or investors seeking a scalable, income-producing asset with immediate cash flow and future upside potential. UPSIDE POTENTIAL Fully activate service operations ? boost NOI significantly Lease apartment + office ? additional passive income Expand dealership inventory (high exposure = higher sales) Convert to full-service automotive center

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$411 USD /SF

CAP RATE

25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

undefined, Auto Repair, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

130

LAND DETAILS

CROSS STREETS

Regency Square

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

C2

APN/PARCEL ID

240.00-04-46,240.00-04-68

ASK ABOUT THIS PROPERTY

Mustafa CuceSunrise Real Estate GroupMore Info
757-710-7043

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Mustafa CuceSunrise Real Estate GroupMore Info
757-710-7043

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.