Carrabba's and Vacant Restaurant 2 Retail Properties Offered at $2,750,000 in Newport News, VA
INVESTMENT HIGHLIGHTS
- Long-Term Historical Occupancy By Carrabba's | 6,722/SF Restaurant Available | Ideal Opportunity For Owner User
- Oversized 3.7 Acre Site With 350+/- Parking Spaces
- Dense Retail Trade Area Across Patrick Henry Mall
- Prominently Visible and Easily Accessed From I-64 (117,000 VPD+) and Jefferson Ave (53,000 VPD+)
- Carrabba's Grill Recently Exercised Third Option Early Showing Strong Commitment to the Site | Strong Sales
- Over 510+/- Apartments/Townhomes Within a 5-Minute Walk
EXECUTIVE SUMMARY
Introducing a lucrative investment opportunity at CARRABBA'S & 6,722 SF VACANT RESTAURANT located at 12361 & 12363 Hornsby Lane, Newport News, VA 23602. This property boasts a prime location visible from I-64 and Jefferson Ave, attracting high traffic volume. The oversized 3.7-acre site offers ample parking with 350+ spaces and is in a retail-rich area near Patrick Henry Mall. The former Carrabba's Grill, part of the property, guarantees immediate upside potential. The property includes a fully equipped dining area and kitchen, walk-in freezer, refrigerator, and outdoor seating area. The diverse neighboring businesses such as Cracker Barrel, Marriott hotels, and residential complexes contribute to a robust trade area. With a competitive price per square foot at $210.53, rapid access to a large residential population, and proximity to the airport, this property presents an ideal opportunity for an owner-user or savvy investor seeking to capitalize on the thriving Newport News market.
PROPERTY FACTS
| Price | $2,750,000 |
| Price / SF | $210.53 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 13,062 SF |
| Total Land Area | 1.92 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 12363 Hornsby Ln, Newport News, VA 23602 | Retail | 6,340 SF | 2005 | - |
| 12361 Hornsby Ln, Newport News, VA 23602 | Retail | 6,722 SF | 2005 | - |
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