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