11025 Jefferson Avenue, Newport News Midtown East, VA 23601
- $1,790,000
- 4,850
- SqFt
- List Price
- $1,790,000
- Status
- ACTIVE
- MLS#
- 10642317
- Year Built
- 1981
- Living Area
- 4,850
- Acres
- 0.70
- County
- Newport News VA
- City
- Newport News Midtown East
- Subdivision
- Ivy Farms
Property Description
Dual Address Corner Site (11021 & 11025 Jefferson Ave) 4,850 SF across 3 buildings Auto dealership office, showroom presence Main mechanic shop with 3 lifts,not currently leased. Secondary service bay,1 lift with office below apartment Second building currently used for detailing operations Residential apartment above vacant,130+parking spaces, for dealership inventory or fleet use. VALUE-ADD OPPORTUNITY This asset offers significant upside through lease-up and operational expansion: Lease out mechanic shop (3 lifts) for strong monthly income Convert secondary bay into independent service operator or in-house service revenue Rent apartment unit for additional passive income Utilize excess parking for inventory expansion, fleet storage, or subleasing For, Independent auto dealers expanding operations Franchise dealers seeking satellite location Auto service operators, tire, repair chains Investors targeting multi-tenant automotive assets
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Additional Information
- Cooling
- Other
- Roof
- Asphalt Shingle, Other
- Floors
- Concrete, Laminate/LVP, Tile
- Exterior
- Stucco, Vinyl
- Parking Description
- Lot, 101+ Spcs
- Contingency Exists
- Non Contingent
- Days on Market
- 8
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Listing courtesy of Sunrise Real Estate Group.
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