This single-story former bank branch offers a unique opportunity for owner-users or investors seeking a well-located property in Newport News, Virginia. Positioned at the signalized intersection of Warwick Boulevard and Tabbs Lane, the site benefits from excellent visibility and accessibility, with an average daily traffic count of 39,093 vehicles. The property sits on 0.69 acres and features 178 feet of frontage along Warwick Boulevard and 155 feet along Tabbs Lane, providing strong exposure for any business use.
The building includes two drive-through lanes, a secure vault, and a functional layout suitable for financial institutions, professional offices, or adaptive reuse. Zoned C1, the property supports a variety of commercial uses. With 21 on-site parking spaces and a ratio of 7.0/1000, it accommodates customer and employee needs efficiently. The assessed value is $1,075,600, and the offering price of $850,000 presents a compelling value proposition.
Located in the Sherwood neighborhood, the property is immediately adjacent to the $38,600,000 | 34,500 square-foot state-of-the-art Virgil I. Grissom Library Replacement Mixed-Use Development Project funded by the City of Newport News.