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801 48th St 45,044 SF Industrial Building Newport News, VA 23607 $3,950,000 ($87.69/SF)
INVESTMENT HIGHLIGHTS
- This is a versatile, light manufacturing facility and/or distribution space
- Virginia Peninsula near Newport News Shipbuilding.
- In 2008 air-conditioned production area of 6,500 SF was added
- Srategically located in the Copeland Industrial Park submarket
EXECUTIVE SUMMARY
Located in the heart of the Virginia Peninsula’s premier industrial corridor, this well-maintained Class C light industrial facility offers an exceptional opportunity for manufacturing or distribution operations. Situated on a prominent corner lot within Copeland Industrial Park, the property benefits from excellent visibility and accessibility—just minutes from Newport News Shipbuilding, one of the region’s largest economic drivers.
Originally constructed in 1973 with pre-engineered metal construction, the building has undergone significant improvements, including the addition of a 6,500 SF air-conditioned production area in 2008. Designed for flexibility, the property features 20'+ clear ceiling heights, fluorescent lighting and skylights, and gas unit heaters throughout.
Originally constructed in 1973 with pre-engineered metal construction, the building has undergone significant improvements, including the addition of a 6,500 SF air-conditioned production area in 2008. Designed for flexibility, the property features 20'+ clear ceiling heights, fluorescent lighting and skylights, and gas unit heaters throughout.
PROPERTY FACTS
| Price | $3,950,000 | Rentable Building Area | 45,044 SF |
| Price Per SF | $87.69 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1973 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 20’ |
| Building Class | C | No. Dock-High Doors/Loading | 11 |
| Lot Size | 1.99 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | M1 - Light Industrial | ||
| Price | $3,950,000 |
| Price Per SF | $87.69 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.99 AC |
| Rentable Building Area | 45,044 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Tenancy | Single |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 11 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M1 - Light Industrial |
UTILITIES
- Lighting - Fluorescent
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 288.00-04-05 | Improvements Assessment | $2,361,900 |
| Land Assessment | $297,800 | Total Assessment | $2,659,700 |
PROPERTY TAXES
Parcel Number
288.00-04-05
Land Assessment
$297,800
Improvements Assessment
$2,361,900
Total Assessment
$2,659,700
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801 48th St
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