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41 Old Oyster Point Rd - Interstate Professional Center Phase I 8,871 SF Office Condo Unit Offered at $2,625,000 in Newport News, VA 23602
Investment Highlights
- Located within Newport News’ premier Oyster Point submarket with direct connectivity to I-64.
- Nine-minute drive to Newport News/Williamsburg International Airport and quick access to regional freight ports.
- Recent property upgrades enhance curb appeal and operational standards for long-term reliability.
- Fully built-out office layout providing immediate usability for professional or medical users.
- Surrounded by corporate offices, technology firms, and a robust amenity base including dining and financial services.
Executive Summary
Interstate Professional Center offers a rare opportunity for acquisition within Newport News’ most active commercial hub. Positioned just off Interstate 64 and Jefferson Avenue in the Oyster Point Business District, this first-class office condominium delivers a turnkey solution for professional users seeking a prominent, centrally located address. The property’s refined single-level design features a full professional build-out with adaptable use flexibility, complemented by abundant surface parking for clients and staff. The building benefits from adjacency to major transportation arteries, ensuring streamlined access to Williamsburg, Norfolk, and the greater Hampton Roads region. Newport News/Williamsburg International Airport is only nine minutes away, while key logistics centers and freight ports are within a 20-minute drive, supporting both regional and national connectivity. The immediate area surrounds occupants with dining, banking, corporate parks, and service amenities, creating a convenient and business-forward environment. Recent renovations enhance building systems and finishes, reinforcing modern operational standards. With cooperative condominium ownership and a location inside one of Virginia’s strongest economic corridors, Unit F represents an appealing option for owner-users and investors alike, designed to maximize functionality in a setting that optimizes accessibility, visibility, and long-term value.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 153000118 |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 153000118 |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit F | 8,871 SF | Office | $2,625,000 ($295.91/SF) | - |
Unit F
| Unit Size |
| 8,871 SF |
| Condo Use |
| Office |
| Price |
| $2,625,000 ($295.91/SF) |
| NOI |
| - |
Unit F
| Unit Size | 8,871 SF |
| Condo Use | Office |
| Price | $2,625,000 ($295.91/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 153000118 |
| Description | |
| Positioned just off Interstate 64 and Jefferson Avenue in the Oyster Point Business District, this first-class office condominium delivers a turnkey solution for professional users seeking a prominent, centrally located address.</li></ul> | |
| Sale Notes | |
| Recent renovations enhance building systems and finishes, reinforcing modern operational standards. With cooperative condominium ownership and a location inside one of Virginia’s strongest economic corridors, Unit F represents an appealing option for owner-users and investors alike, designed to maximize functionality in a setting that optimizes accessibility, visibility, and long-term value.</li></ul> |
Property Facts
| Total Building Size | 8,871 SF | Typical Floor Size | 8,871 SF |
| Property Type | Office (Condo) | Year Built | 2011 |
| Building Class | A | Opportunity Zone |
Yes
|
| Floors | 1 | ||
| Zoning | C1 - Commercial zoning permitting office use and general business. Virginia Enterprise Zone eligible – Job Creation & Real Property Investment Grants | ||
| Total Building Size | 8,871 SF |
| Property Type | Office (Condo) |
| Building Class | A |
| Floors | 1 |
| Typical Floor Size | 8,871 SF |
| Year Built | 2011 |
| Opportunity Zone |
Yes |
| Zoning | C1 - Commercial zoning permitting office use and general business. Virginia Enterprise Zone eligible – Job Creation & Real Property Investment Grants |
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
- Fiber Optic Internet
- Awning
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| College of William & Mary |
8,871 SF
|
July 2027
|
