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About This Home
This 0-bedroom, 0-bathroom commercial at 11025 Jefferson Avenue in Newport News, VA is listed for $1,990,000 ($410 per sqft). Built in 1981, the home offers 4,850 sqft of living space on a 0.70 acres lot.
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 For, Independent auto dealers expanding operations Franchise dealers seeking satellite location Auto service operators, tire, repair chains Investors targeting multi-tenant automotive assets
Key Features
- Built in 1981
- 0.70 acre lot
Property Details
Monthly Cost Estimate
$10,643/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
11025 Jefferson Avenue
Newport News, VA 23601
IVY FARMS
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 11025 Jefferson Avenue is listed at $1,990,000 ($410/sqft). The estimated monthly payment is $8,623 based on 20% down at 6.5% interest.
Key features include: Built in 1981, 0.70 acre lot.
This property is listed by Mustafa Cuce and can be reached at (757) 805-2286 or mustafa@sunriserealestategroup.com.
