11847 Jefferson Ave - Restaurant FOR SALE


Newport News, VA 23606- Deer Park
$2,200,000 USD
757-287-1490
11847 Jefferson Ave, Newport News, VA for Sale
$2,200,000 USD
Restaurant - FOR SALE
1/8
null | Request Cap Rate

11847 Jefferson Ave
Newport News, VA 23606
Deer Park


HIGHLIGHTS

  • Prime signalized corner.
  • Excellent visibility.
  • Big traffic count: 49,000 vpd on Jefferson Ave.
  • Existing building is 7,351sf and has new roof.
  • Ample parking.
  • Many adaptable reuses with zoning change including medical, hotel, multifamily, retail, and self-storage.

OVERVIEW

SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale the Fulan Sweet Distribution Center property located at 11847 Jefferson Avenue, Newport News, Virginia 23606. This property, a former restaurant, sits on 1.32ac of land at a signalized corner with prime visibility. The traffic count on Jefferson Avenue is 49,000 vpd. The property is currently zoned M1 which is for light industrial use. Retail uses will need a rezoning, which is part of the city’s master plan for the area. This section of Newport News is 3 minutes to City Center at Oyster Point (mixed use) and 4 minutes to Marketplace at Tech Center (Whole Foods, Ulta, P.F. Chang's).

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Prime Signalized Corner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

113

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

M-1

APN/PARCEL ID

183.00-01-16

ASK ABOUT THIS PROPERTY

Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

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Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

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