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Bldg B 12842 Jefferson Ave 2,616 SF Retail Building Newport News, VA 23608 $650,000 ($248.47/SF)
INVESTMENT HIGHLIGHTS
- Redevelopment opportunity to add drive-thru
- Lots of parking
EXECUTIVE SUMMARY
Property Overview:
Philly Shack presents an exceptional owner-user retail opportunity to acquire both the business and the real estate. Located at the bustling intersection of Jefferson Ave and Buchanan Drive, this well-established eatery enjoys high visibility and a steady flow of traffic, ensuring a constant stream of potential customers.
Business Highlights:
Type: Fast Casual Restaurant
Specialty: Authentic Philadelphia-style cheesesteaks, sandwiches, and other fast-casual fare.
Customer Base: Established local customer base with strong community support and repeat business.
Reputation: Known for high-quality ingredients, excellent service, and a welcoming atmosphere.
Philly Shack presents an exceptional owner-user retail opportunity to acquire both the business and the real estate. Located at the bustling intersection of Jefferson Ave and Buchanan Drive, this well-established eatery enjoys high visibility and a steady flow of traffic, ensuring a constant stream of potential customers.
Business Highlights:
Type: Fast Casual Restaurant
Specialty: Authentic Philadelphia-style cheesesteaks, sandwiches, and other fast-casual fare.
Customer Base: Established local customer base with strong community support and repeat business.
Reputation: Known for high-quality ingredients, excellent service, and a welcoming atmosphere.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,616 SF
Building Class
C
Year Built/Renovated
1940/2022
Price
$650,000
Price Per SF
$248.47
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.48 AC
Zoning
Commercial - Investment Highlights:
Turnkey Operation: Fully equipped kitchen and dining area, ready for immediate operation.
Redevelopment Opportunity: The prope
Parking
8 Spaces (3.06 Spaces per 1,000 SF Leased)
Frontage
121’ on Jefferson Ave
AMENITIES
- Restaurant
- Security System
- Signage
- Air Conditioning
ABOUT 12842 JEFFERSON AVE , NEWPORT NEWS, VA 23608
Located at the bustling intersection of Jefferson Ave and Buchanan Drive, this well-established eatery enjoys high visibility and a steady flow of traffic, ensuring a constant stream of potential customers.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 080.00-05-12 | Improvements Assessment | $173,500 |
| Land Assessment | $259,500 | Total Assessment | $433,000 |
PROPERTY TAXES
Parcel Number
080.00-05-12
Land Assessment
$259,500
Improvements Assessment
$173,500
Total Assessment
$433,000
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Presented by
Sky Blu Holding LLC
Bldg B | 12842 Jefferson Ave
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