850 39th St 28,677 SF Industrial Building Newport News, VA 23607 $2,577,900 ($89.89/SF)

Positioned in the geographic center of Greater Hampton Roads, 850 39th Street offers a rare opportunity to acquire a modernized, well-maintained office building with strategic access to I-664 and proximity to Newport News Shipbuilding. This two-story, 28,677 SF property is ideal for a single user or a user-investor seeking a multi-tenant setup. Built in 1958 and extensively renovated in 2007, the building has undergone consistent upgrades, presenting a near-new interior condition.
The site spans 1.20 acres and includes approximately 70 parking spaces, a drive-in overhead door, and 14-foot clear height storage. The building features solar panels for energy efficiency, card key access throughout, and elevator service across both floors. Zoned M-1 and C-1, the property supports a wide range of commercial uses and benefits from prominent signage visibility along I-664, which sees 64,000 vehicles per day.
A partial sale-leaseback option is available, offering flexibility for investors or owner-users. The property is located in a HUBZone, providing potential federal contracting advantages. With its strong maintenance history, versatile layout, and strategic location, 850 39th Street is a compelling acquisition for businesses seeking operational efficiency and long-term value in the Hampton Roads region.