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14203 Old Courthouse Way
Newport News, VA 23602
Office Property For Sale
INVESTMENT HIGHLIGHTS
- .72 acre lot on visible corner location
- Visible to traffic on Warwick Blvd., with a large sign
- Option to occupy the whole property or rent two existing rental suites, either as one or two units
EXECUTIVE SUMMARY
Current owner occupies one side of the building and would like to remain in place until June of 2026, either in the space she currently occupies, or in one of the smaller suites in the other half of the building, depending on the new owner's needs. The building was built in 1979 and was remodeled within the last 10 years to remove dormers, change outside facade, etc., along with interior changes to include storefront glass in owner's suite. Built on a raised crawlspace, with a ramp to the front porch for accessibility.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,123 SF
Building Class
B
Year Built
1979
Price
$390,000
Price Per SF
$124.88
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,123 SF
Building FAR
0.10
Lot Size
0.72 AC
Zoning
C-1 - Property is zoned C-1 Retail. The building is well-suited for a professional office of any kind, or retail.
Parking
7 Spaces (2.24 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Wheelchair Accessible
- Monument Signage
PROPERTY TAXES
| Parcel Number | 118.00-06-39 | Improvements Assessment | $198,300 |
| Land Assessment | $172,500 | Total Assessment | $370,800 |
PROPERTY TAXES
Parcel Number
118.00-06-39
Land Assessment
$172,500
Improvements Assessment
$198,300
Total Assessment
$370,800
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