727 J Clyde Morris Blvd - Office FOR SALE


Newport News, VA 23601- Deer Park
$995,000 USD
757-209-2990
727 J Clyde Morris Blvd, Newport News, VA for Sale
$995,000 USD
Office - FOR SALE
1/17
null | 6.7% Cap Rate

727 J Clyde Morris Blvd
Newport News, VA 23601
Deer Park


OVERVIEW

Positioned in the heart of Newport News, 727 J. Clyde Morris Boulevard offers a rare opportunity to acquire a fully leased, income-producing Class B office property with strong upside potential. This free-standing, multi-unit building spans approximately 8,578 square feet on 0.69 acres and boasts exceptional frontage and visibility along J. Clyde Morris Boulevard, one of the city’s most traveled corridors with traffic counts exceeding 38,000 vehicles per day. Strategically located adjacent to Oyster Point Business Park and minutes from Interstate 64, the property provides seamless connectivity to the Peninsula’s major employment centers, retail hubs, and residential communities. Its central positioning ensures convenient access for tenants and clients alike, while monument signage enhances brand exposure for occupants. The asset comprises six professional office suites, all under lease, delivering a stable income stream with a current NOI of $67,154 and a competitive 6.7% cap rate. Zoned C-1 Retail Commercial District, the property supports a wide range of commercial uses, offering flexibility for future repositioning or redevelopment. Surrounding demographics reflect a strong professional base, with over 84,000 residents within a three-mile radius and an average household income exceeding $76,000. Whether you are an investor seeking reliable cash flow or an owner-user planning for long-term growth, this property represents a compelling blend of location, stability, and potential. Offered at $995,000, 727 J. Clyde Morris Boulevard is a prime addition to any portfolio in the thriving Newport News market.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$116 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C-1

APN/PARCEL ID

205.00-02-21

ASK ABOUT THIS PROPERTY

Ron CampanaC & W Real Estate, LLCMore Info
757-209-2990

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Ron CampanaC & W Real Estate, LLCMore Info
757-209-2990

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