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11025 Jefferson Ave

Newport News, VA 23601
  • $1,790,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: 10642317
UPDATED: 56 min ago
$1,790,000
  • 0
    BEDS
  • 0.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,850
    SQFT
  • $369
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1981

School Ratings & Info

Description

Dual Address Corner Site (11021 & 11025 Jefferson Ave) 4,850 SF across 3 buildingsAuto dealership office, showroom presenceMain mechanic shop with 3 lifts,not currently leased.Secondary service bay,1 lift with office below apartmentSecond building currently used for detailing operationsResidential apartment above vacant,130+parking spaces, for dealership inventory or fleet use.VALUE-ADD OPPORTUNITYThis asset offers significant upside through lease-up and operational expansion:Lease out mechanic shop (3 lifts) for strong monthly incomeConvert secondary bay into independent service operator or in-house service revenueRent apartment unit for additional passive incomeUtilize excess parking for inventory expansion, fleet storage, or subleasingFor, Independent auto dealers expanding operationsFranchise dealers seeking satellite locationAuto service operators, tire, repair chainsInvestors targeting multi-tenant automotive assets

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www.movetovb.com/homes/178350994
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11025 Jefferson Ave Newport News, VA 23601

  • Price: $1,790,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 56 min ago
  • ID#: 10642317
0
Beds
0
Baths
0
½ Baths
0.7
Acres
4,850
SQFT
$369
$/SQFT
1981
Built
Neighborhood:
Ivy Farms
Area:
107 - Newport News Midtown East
Property Description
Dual Address Corner Site (11021 & 11025 Jefferson Ave) 4,850 SF across 3 buildingsAuto dealership office, showroom presenceMain mechanic shop with 3 lifts,not currently leased.Secondary service bay,1 lift with office below apartmentSecond building currently used for detailing operationsResidential apartment above vacant,130+parking spaces, for dealership inventory or fleet use.VALUE-ADD OPPORTUNITYThis asset offers significant upside through lease-up and operational expansion:Lease out mechanic shop (3 lifts) for strong monthly incomeConvert secondary bay into independent service operator or in-house service revenueRent apartment unit for additional passive incomeUtilize excess parking for inventory expansion, fleet storage, or subleasingFor, Independent auto dealers expanding operationsFranchise dealers seeking satellite locationAuto service operators, tire, repair chainsInvestors targeting multi-tenant automotive assets
Exterior Features

Construction ConcreteRenovated Exterior Siding StuccoVinyl Foundation Type Slab Garage YN No Location Other Lot Front 280* Parking Lot101+ Spcs Roof Asphalt ShingleOther

Interior Features

Cooling Other Flooring Type ConcreteLaminate/LVPTile

Property Features

Contingency Exists Non Contingent Disclosure Disclosure StatementOwner Agent Features Display WindowDoor SignInside StorageLightingMini KitchenPole SignPublic RestrmsSecurity Sys/Own Lease Type None Master Model YN No New Construction YN No Ownership Type Simple Possession CLOSING Tax Amount Approx 5299 Use Type Automobile Services Utilities City SewerCity WaterElectricOther Zoning C2

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