725 City Center Blvd
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725 City Center Blvd
111,196 SF Industrial Building Newport News, VA 23606 £8,736,350 (£79/SF)
Investment Highlights
- Centrally located in the Hampton Roads area of Virginia the property is in City Center in Newport News/Oyster Point Business District
- Opportunity Zone & Enterprise Zone Location
- Powder Coating System
Executive Summary
This impressive manufacturing property spans approximately 9.5 acres and is situated in the prime Hampton Roads region of Virginia, within the City Center/Oyster Point Business District. The facility offers an expansive 111,195 square feet of space, featuring 21,980 square feet of office area and 89,216 square feet of warehouse space. With a competitive sale price of $10,900,000, the property includes robust utilities, such as 4,000 AMP, 480/277 Volt 3-Phase power. The building’s reinforced 7-inch concrete flooring and 27-foot clear ceiling height support high productivity. Loading features include a 14’ x 14’ grade door and two 8’ x 10’ dock doors. It is also equipped with a variety of overhead cranes (1 x 5-ton, 4 x 2-ton, 1 x 3-ton), and a powder coating system. The location benefits from being within both an Opportunity Zone and Enterprise Zone, providing potential incentives.
Property Facts
| Price | £8,736,350 | Number of Floors | 1 |
| Price Per SF | £79 | Year Built | 1991 |
| Sale Type | Investment or Owner User | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 27 ft |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 2 |
| Building Class | B | Level Access Doors | 1 |
| Lot Size | 9.55 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 111,196 SF |
| Price | £8,736,350 |
| Price Per SF | £79 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 9.55 AC |
| Rentable Building Area | 111,196 SF |
| Number of Floors | 1 |
| Year Built | 1991 |
| Tenancy | Single |
| Clear Ceiling Height | 27 ft |
| No. Dock-High Doors/Loading | 2 |
| Level Access Doors | 1 |
| Opportunity Zone |
Yes |
Amenities
- Bus Route
- Signage
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PROPERTY TAXES
| Parcel Number | 184.00-01-62 | Improvements Assessment | £5,214,684 |
| Land Assessment | £1,269,640 | Total Assessment | £6,484,323 |
PROPERTY TAXES
Parcel Number
184.00-01-62
Land Assessment
£1,269,640
Improvements Assessment
£5,214,684
Total Assessment
£6,484,323
zoning
| Zoning Code | C5 (Oyster Point Business/Manufacturing) |
| C5 (Oyster Point Business/Manufacturing) |
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725 City Center Blvd
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