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750 J Clyde Morris Blvd 5,544 SF Retail Building Newport News, VA 23601 $975,000 ($175.87/SF)
Executive Summary
Below market rents with long term investment upside
- Rare opportunity on J Clyde Morris
- 6,000 square feet on 0.42 acres in the heart of Oyster Point retail corridor
- Tidewater Sew Vac just renewed their lease for an additional 5 year term
- Current lease has gross fixed rent for full term
- Landlord pays taxes, insurance and maintenance
- Rare opportunity on J Clyde Morris
- 6,000 square feet on 0.42 acres in the heart of Oyster Point retail corridor
- Tidewater Sew Vac just renewed their lease for an additional 5 year term
- Current lease has gross fixed rent for full term
- Landlord pays 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
Parking
20 Spaces (8.12 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Nearby Major Retailers
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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750 J Clyde Morris Blvd
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