Newmarket South Shopping Center
123 Newmarket Square, Newport News, VA 23605

Overview
Price: | $18,400,000 |
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Building Size: | 355,962 SF |
Property Type: | Retail |
Total Lot Size: | 33.67 Acres |
Year Built: | 1957 |
Description
355,962 Square-Foot Grocery Anchored Community Center
Junior Anchor Space Available, Anchor Sized Space Recently Backfilled
Low Rents | AVG $8.6 Rent/SF | 19-Units or 86k SF of Upside | 2 Pads
Mix of Long-Term Leases on Larger Spaces, Short-Term on Smaller Spaces
Caters to a Wide Range of Consumers and Tenants | 150k+ Population in 5-Miles
Priced Well Below Replacement Cost | High Leasing Velocity
Situated Along Major Thoroughfare 40k VPD, 80k at Intersection
#2 Most Populous City in VA | Newport News is Home to Largest Ship Builder in US
Location
Explore the thriving city of Newport News, VA, a strategic destination for Retail investors. Nestled in a dynamic community, the area offers a balanced fusion of urban amenities and natural beauty. Nearby attractions include the Newport News Victory Arch, a historic landmark honoring the city’s rich heritage, the Virginia Living Museum, a unique facility blending wildlife habitats with engaging exhibits, and the Peninsula Town Center, a premier shopping and dining hub. With an array of dining, entertainment, and recreational options, this location creates an inviting atmosphere for potential tenants and visitors. Embrace the potential for advancement and prosperity in this sought-after locale, positioning it as an exceptional choice for your next commercial investment.
Contact Broker
Chris Kinnard
Vice President
Lee & Associates Cincinnati
Cell | 270.985.5008 |
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Office | 513.387.0056 |
Fax | 513.272.2060 |
Stan Falk
Senior Vice President
Lee & Associates Cincinnati
Cell | 513.900.7509 |
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Office | 513.385.0055 |
Fax | 513.272.2060 |
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