MILLION DOLLAR COMMERCIAL/MULTI FAMILY DEVELOPMENT DEAL NEWPORT NEWS!!

Newport News, VA, 23608
Sold
Listed at: January 9th, 2023
Price
$215,000
ARV
$300,000
Gross Margin
$85,000
Sq. Footage
2213
Type
Commercial
Parking
Driveway
Year build
1947
Lot size
0.70 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

CURRENT USE: COMMERCIAL

POTENTIAL: Development for a Multifamily apartment complex 20-24 unit.


Zoned for R7


Lot sqft: 30,300 sqft


3 MULTI FAMILY Complexes neighboring subject property:


15621 Warwick Blvd, Newport News

VA 23608 - 6 units; City Assessment $1,505,000; Zoned for R7, Lot sqft: 32,670 sqft


15615 Warwick Blvd, Newport News

VA 23608 - 20 units; City Assessment $1,228,000; Zoned for R7, Lot sqft: 23,087 sqft


336 Judy Dr, Newport News

VA 23608 - 16 units; City Assessment $3,369,000; Zoned for R7, Lot Sqft: 75,800 sqft





Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

John Michael

No reviews

Disposition manager