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$1 Auction – 2,800 SF Building | 36K VPD 13665 Warwick Blvd 2,800 SF Retail Building Newport News, VA 23602 $50,000 ($17.86/SF)
Investment Highlights
- ABSOLUTE $1 AUCTION | 2,800 SF Freestanding Retail Building | 36K VPD Traffic Count | AUCTION MARCH 23-25
- 36,127 VPD Traffic Counts with Highway Frontage and Visibility on US Hwy 60 (Warwick Blvd) in Strong Commercial Corridor | 2-Mi from I-64 (104K VPD)
- Dense Demographics with 3-Mile Population of 75,428 Individuals and 5-Mile Population of ±146,752 with Average Household Income of ±$86K
- 2,800 SF Retail Building Available at Substantial Discount Below Replacement Cost
- Nearby National Retailers: Lowe’s, Walmart, Sam’s Club, Home Depot, Kohl’s, Trader Joe’s, Old Navy, Petco, Sally, Total Wine, Aldi, Ross, HomeGoods
- Zoned C-1, Retail Commercial District with a Variety of Flexible Permitted Uses
Executive Summary
Marcus & Millichap is pleased to present a vacant, freestanding retail building located at 13665 Warrick Blvd in Newport News, VA (the “Property”). The vacant property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible and strategically positioned asset at a significant discount. FIRST BID MEETS RESERVE!
The Property consists of a single story, free-standing retail building containing ±2,800 square feet on a ±0.16-acre parcel. The site benefits from highway access and visibility along Warwick Blvd (US-60) with traffic counts of 36,127 vehicles per day. Zoned C-1 (Retail Commercial District), the site accommodates a wide range of retail, service, and commercial uses, providing significant operational flexibility for future tenants or an owner-user.
Newport News and the greater Hampton Roads region is anchored by defense & industrial demand like Newport News Shipbuilding (HII), which is a nationally significant shipyard and one of the area’s largest employers, supporting a sizeable skilled workforce and a deep base of contractors and suppliers. Nearby institutional demand drivers, including NASA’s Langley Research Center in Hampton, further reinforces the region’s aerospace and engineering ecosystem. Retail activity is further supported by strong nearby national and local retailers including Lowe’s, Walmart, Sam’s Club, Home Depot, Kohl’s, Trader Joe’s, Old Navy, Petco, Sally, Total Wine, Aldi, Ross, HomeGoods, TJ Maxx, and many others. The Property is positioned within an attractive trade area, serving ±146,752 residents with an average household income of ±$86,738 within a 5-mile radius.
The Property consists of a single story, free-standing retail building containing ±2,800 square feet on a ±0.16-acre parcel. The site benefits from highway access and visibility along Warwick Blvd (US-60) with traffic counts of 36,127 vehicles per day. Zoned C-1 (Retail Commercial District), the site accommodates a wide range of retail, service, and commercial uses, providing significant operational flexibility for future tenants or an owner-user.
Newport News and the greater Hampton Roads region is anchored by defense & industrial demand like Newport News Shipbuilding (HII), which is a nationally significant shipyard and one of the area’s largest employers, supporting a sizeable skilled workforce and a deep base of contractors and suppliers. Nearby institutional demand drivers, including NASA’s Langley Research Center in Hampton, further reinforces the region’s aerospace and engineering ecosystem. Retail activity is further supported by strong nearby national and local retailers including Lowe’s, Walmart, Sam’s Club, Home Depot, Kohl’s, Trader Joe’s, Old Navy, Petco, Sally, Total Wine, Aldi, Ross, HomeGoods, TJ Maxx, and many others. The Property is positioned within an attractive trade area, serving ±146,752 residents with an average household income of ±$86,738 within a 5-mile radius.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,800 SF
Building Class
C
Year Built
1960
Price
$50,000
Price Per SF
$17.86
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.16 AC
Zoning
C1 - Retail/Commercial District
Parking
11 Spaces (3.21 Spaces per 1,000 SF Leased)
Frontage
71’ on Warwick Blvd
Amenities
- 24 Hour Access
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Accent Lighting
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 129.00-04-04 | Improvements Assessment | $288,800 |
| Land Assessment | $47,300 | Total Assessment | $336,100 |
Property Taxes
Parcel Number
129.00-04-04
Land Assessment
$47,300
Improvements Assessment
$288,800
Total Assessment
$336,100
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$1 Auction – 2,800 SF Building | 36K VPD | 13665 Warwick Blvd
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