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750 J Clyde Morris Blvd
Newport News, VA 23601
Retail Property For Sale
Investment Highlights
- Positioned on J Clyde Morris Boulevard in the Oyster Point retail corridor.
- Below-market rents provide significant long-term investment potential.
- Gross lease includes landlord coverage of taxes, insurance, and maintenance.
- Recently renewed five-year lease with Tidewater Sew Vac.
- 6,000 SF building on 0.42 acres with strong visibility and access.
Executive Summary
Rare investment opportunity on J Clyde Morris within the heart of Oyster Point’s retail corridor. This 6,000-square-foot property, situated on 0.42 acres, offers stable tenancy and below-market rents, creating strong long-term upside. Tidewater Sew Vac recently renewed on a five-year term, ensuring predictable income. Current lease structure includes gross fixed rent for the full term, with the landlord responsible for taxes, insurance, and maintenance.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,544 SF
Building Class
C
Year Built
1969
Price
$975,000
Price Per SF
$175.87
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.42 AC
Zoning
C1 - Commercial
Parking
20 Spaces (8.12 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 205.00-04-04 | Improvements Assessment | $441,100 |
| Land Assessment | $274,400 | Total Assessment | $715,500 |
Property Taxes
Parcel Number
205.00-04-04
Land Assessment
$274,400
Improvements Assessment
$441,100
Total Assessment
$715,500
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