17305 Warwick Blvd - R7-Zoned Residential/Multifamily Development
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17305 Warwick Blvd - R7-Zoned Residential/Multifamily Development
1.53 Acres of Commercial Land Offered at £197,250 in Newport News, VA 23603
Investment Highlights
- Excellent redevelopment opportunity for residential product as encouraged by the municipality.
- Grandfathered use allows for an automotive operator.
- Perfect site for multi-family, townhome, apartments, or general residential use.
- Located at signalized intersection near Interstate 64.
Executive Summary
This offering is a rare find! The property is zoned R7 Medium Density with the City of Newport News. It currently consists of multiple commercial buildings that are used primarily for ownership storage and as an automotive service center. An automotive operator could use some of the existing structures under a grandfathered right with the city. The future development of this location is slated for Multi-Family residences! Situated at a signalized corner near interstate I-64 this site would be ideal for developers seeking to erect apartments or town homes. The property is priced to move!
Property Facts
Price | £197,250 | Property Subtype | Commercial |
Sale Type | Investment | Proposed Use | |
No. Lots | 1 | Total Lot Size | 1.53 AC |
Property Type | Land | Opportunity Zone |
Yes
|
Price | £197,250 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | |
Total Lot Size | 1.53 AC |
Opportunity Zone |
Yes |
1 Lot Available
Lot
Price | £197,250 | Lot Size | 1.53 AC |
Price Per AC | £128,922 |
Price | £197,250 |
Price Per AC | £128,922 |
Lot Size | 1.53 AC |
1.53 acres zoned R7. Existing automotive building and lot on site.
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PROPERTY TAXES
Parcel Number | 026.00-02-16 | Improvements Assessment | £99,256 |
Land Assessment | £144,624 | Total Assessment | £243,880 |
PROPERTY TAXES
Parcel Number
026.00-02-16
Land Assessment
£144,624
Improvements Assessment
£99,256
Total Assessment
£243,880
zoning
Zoning Code | R7 (Medium Density Residential) |
R7 (Medium Density Residential) |
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17305 Warwick Blvd - R7-Zoned Residential/Multifamily Development
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