no data
no data
Mixed Use
Property Type
No NOI data
Net Operating Income (NOI)
3 unit(s)
Total Units
No CAP data
CAP RATE
3
Leasable Doors
No price data
Price per unit
900 Jefferson Avenue is a prime heavy industrial site offering a one-of-a-kind redevelopment opportunity near several ports and a shipyard in the Hampton Roads MSA. This 5.9-acre site is zoned M-2 for heavy industrial use. It is improved by three industrial warehouse buildings totaling 86,630 square feet, featuring varying ceiling heights and column spacing, dock doors, grade-level doors, and wet fire suppression systems. The property is strategically within a HUB zone, Enterprise Zone #3, Opportunity Zone, and New Market Tax Credit Zone, benefitting from potential tax credits and economic assistance.
Located in Newport News, Virginia, 900 Jefferson Avenue thrives in an advantageous location with quick access to interstates, population centers, railroad intermodals, and ports. The property’s positioning along the main corridor of Jefferson grants it superior access to Interstate 664, delivering seamless connections to nearby terminals, along with Interstates 64 and 264. Within a 20-mile radius of the site are several terminals and ports served by the Port of Virginia, including the Portsmouth Marine Terminal, the Norfolk International Terminal, and the Virginia International Gateway. 900 Jefferson Avenue is also just five minutes from the Newport News Marine Terminal and Newport News Shipbuilding.
Demand for the Hampton Roads region’s industrial space is expected to remain positive for much of this year. This rally in demand can be attributed to the Port of Virginia’s consistent growth as an increasingly prominent entry point for imports to the Mid-Atlantic. The consistent growth of the Port of Virginia, coupled with the region’s infrastructure prime for logistics operations, are some of the many reasons major businesses are attracted to this area. 900 Jefferson Avenue is primed to offer an ideal redevelopment opportunity.
