12361 Hornsby Ln - Restaurant FOR SALE


Newport News, VA 23602- Palmer
$2,750,000 USD
248-702-0288
12361 Hornsby Ln, Newport News, VA for Sale
$2,750,000 USD
Restaurant - FOR SALE
1/7
null | 2.5% Cap Rate

12361 Hornsby Ln
Newport News, VA 23602
Palmer


HIGHLIGHTS

  • Long-Term Historical Occupancy By Carrabba's | 6,722/SF Restaurant Available | Ideal Opportunity For Owner User
  • Prominently Visible and Easily Accessed From I-64 (117,000 VPD+) and Jefferson Ave (53,000 VPD+)
  • Oversized 3.7 Acre Site With 350+/- Parking Spaces
  • Carrabba's Grill Recently Exercised Third Option Early Showing Strong Commitment to the Site | Strong Sales
  • Neighbors Include: Cracker Barrel; Residence Inn; Courtyard by Marriott; Extended Stay America; 300+ Rental Apartments and For-Sale Townhomes
  • 6,722+/- Square Foot Former Restaurant Available and Ready for Immediate Occupancy | Fully Equipped Dining Area and Kitchen Included

OVERVIEW

Long-Term Historical Occupancy By Carrabba's | 6,722/SF Restaurant Available | Ideal Opportunity For Owner User

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$409 USD /SF

CAP RATE

2.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carrabba's & Available Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

136

LAND DETAILS

CROSS STREETS

Jefferson Ave

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

R9

APN/PARCEL ID

140.00-02-04

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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