850 39th St - Warehouse FOR SALE


Newport News, VA 23607- South Newport News
$2,577,900 USD
757-873-2900
850 39th St, Newport News, VA for Sale
$2,577,900 USD
Warehouse - FOR SALE
1/3
null | Request Cap Rate

850 39th St
Newport News, VA 23607
South Newport News


HIGHLIGHTS

  • Located in a HUBZone with federal incentive potential
  • Prominent signage visibility along I-664 with 64,000 VPD
  • Solar panels reduce operating costs and enhance efficiency
  • Card key access and elevator service throughout the building
  • Partial sale-leaseback option available for investors

OVERVIEW

Positioned in the geographic center of Greater Hampton Roads, 850 39th Street offers a rare opportunity to acquire a modernized, well-maintained office building with strategic access to I-664 and proximity to Newport News Shipbuilding. This two-story, 28,677 SF property is ideal for a single user or a user-investor seeking a multi-tenant setup. Built in 1958 and extensively renovated in 2007, the building has undergone consistent upgrades, presenting a near-new interior condition. The site spans 1.20 acres and includes approximately 70 parking spaces, a drive-in overhead door, and 14-foot clear height storage. The building features solar panels for energy efficiency, card key access throughout, and elevator service across both floors. Zoned M-1 and C-1, the property supports a wide range of commercial uses and benefits from prominent signage visibility along I-664, which sees 64,000 vehicles per day. A partial sale-leaseback option is available, offering flexibility for investors or owner-users. The property is located in a HUBZone, providing potential federal contracting advantages. With its strong maintenance history, versatile layout, and strategic location, 850 39th Street is a compelling acquisition for businesses seeking operational efficiency and long-term value in the Hampton Roads region.

FOR SALE DETAILS

PRICE

$2,577,900 USD

PRICE/SF

$90 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Showroom, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.2

LAND SF

52,272

ZONING

M-1 & C-1

APN/PARCEL ID

300.01-01-10

ASK ABOUT THIS PROPERTY

Robert PhillipsCushman & Wakefield | ThalhimerMore Info
757-873-2900

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Robert PhillipsCushman & Wakefield | ThalhimerMore Info
757-873-2900

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