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$ 2,250,000
Est. payment /mo
Price Dropped by $549K
11025 Jefferson AVE Newport News, VA 23601
4,850 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Purchase
Listing Status Active
Purchase Type For Sale
Square Footage 4,850 sqft
Price per Sqft $463
Subdivision Ivy Farms
MLS Listing ID 10628897
HOA Y/N No
Year Built 1981
Annual Tax Amount $5,299
Lot Size 0.700 Acres
Property Sub-Type Purchase
Property Description
Dual Address Corner Site (11021 & 11025 Jefferson Ave)
±4,850 SF across 3 buildings
Auto dealership office, showroom presence
Main mechanic shop with 3 lifts,not currently leased.
Secondary service bay,1 lift with office below apartment
Second building currently used for detailing operations
Residential apartment above vacant,130+ parking spaces, for dealership inventory or fleet use.
VALUE-ADD OPPORTUNITY
This asset offers significant upside through lease-up and operational expansion:
Lease out mechanic shop (3 lifts) for strong monthly income
Convert secondary bay into independent service operator or in-house service revenue
Rent apartment unit for additional passive income
Utilize excess parking for inventory expansion, fleet storage, or subleasing
Ideal for:
Independent auto dealers expanding operations
Franchise dealers seeking satellite location
Auto service operators / tire / repair chains
Investors targeting multi-tenant automotive assets
±4,850 SF across 3 buildings
Auto dealership office, showroom presence
Main mechanic shop with 3 lifts,not currently leased.
Secondary service bay,1 lift with office below apartment
Second building currently used for detailing operations
Residential apartment above vacant,130+ parking spaces, for dealership inventory or fleet use.
VALUE-ADD OPPORTUNITY
This asset offers significant upside through lease-up and operational expansion:
Lease out mechanic shop (3 lifts) for strong monthly income
Convert secondary bay into independent service operator or in-house service revenue
Rent apartment unit for additional passive income
Utilize excess parking for inventory expansion, fleet storage, or subleasing
Ideal for:
Independent auto dealers expanding operations
Franchise dealers seeking satellite location
Auto service operators / tire / repair chains
Investors targeting multi-tenant automotive assets
Location
State VA
County Newport News
Area 107 - Newport News Midtown East
Zoning C2
Interior
Cooling Other
Flooring Concrete, Laminate/LVP, Tile
Exterior
Parking Features Lot, 101+ Spcs
Garage Spaces 1800.0
Utilities Available City Sewer, City Water, Electric, Other
Roof Type Asphalt Shingle,Other
Building
Story 2.0000
Foundation Slab
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement, Owner Agent
Special Listing Condition Disclosure Statement, Owner Agent
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Listed by Sunrise Real Estate Group
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