Bldg B | 12842 Jefferson Ave
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Bldg B 12842 Jefferson Ave
2,861 SF Retail Building Newport News, VA 23608 £588,743 (£206/SF)
Investment Highlights
- Redevelopment opportunity to add drive-thru
- Lots of parking
Executive Summary
Property Overview:
Philly Shack presents an exceptional owner-user retail opportunity to acquire both the business and the real estate. Located at the bustling intersection of Jefferson Ave and Buchanan Drive, this well-established eatery enjoys high visibility and a steady flow of traffic, ensuring a constant stream of potential customers.
Business Highlights:
Type: Fast Casual Restaurant
Specialty: Authentic Philadelphia-style cheesesteaks, sandwiches, and other fast-casual fare.
Customer Base: Established local customer base with strong community support and repeat business.
Reputation: Known for high-quality ingredients, excellent service, and a welcoming atmosphere.
Philly Shack presents an exceptional owner-user retail opportunity to acquire both the business and the real estate. Located at the bustling intersection of Jefferson Ave and Buchanan Drive, this well-established eatery enjoys high visibility and a steady flow of traffic, ensuring a constant stream of potential customers.
Business Highlights:
Type: Fast Casual Restaurant
Specialty: Authentic Philadelphia-style cheesesteaks, sandwiches, and other fast-casual fare.
Customer Base: Established local customer base with strong community support and repeat business.
Reputation: Known for high-quality ingredients, excellent service, and a welcoming atmosphere.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,861 SF
Building Class
C
Year Built/Renovated
1940/2022
Price
£588,743
Price Per SF
£206
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Land Acres
0.48 AC
Zoning
Commercial - Investment Highlights:
Turnkey Operation: Fully equipped kitchen and dining area, ready for immediate operation.
Redevelopment Opportunity: The prope
Parking
8 Spaces (3.06 Spaces per 1,000 SF Leased)
Frontage
121 ft on Jefferson Ave
Amenities
- Bus Route
- Signage
About 12842 Jefferson Ave , Newport News, VA 23608
Located at the bustling intersection of Jefferson Ave and Buchanan Drive, this well-established eatery enjoys high visibility and a steady flow of traffic, ensuring a constant stream of potential customers.
PROPERTY TAXES
| Parcel Number | 080.00-05-12 | Improvements Assessment | £128,346 |
| Land Assessment | £203,705 | Total Assessment | £332,051 |
PROPERTY TAXES
Parcel Number
080.00-05-12
Land Assessment
£203,705
Improvements Assessment
£128,346
Total Assessment
£332,051
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Ricky Kumar -
Vijay Gogia
- Sky Blu Holding LLC
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Bldg B | 12842 Jefferson Ave
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