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13801 Warwick Blvd 3,075 SF Retail Building Newport News, VA 23602 $875,000 ($284.55/SF)
Investment Highlights
- Located at a signalized intersection with strong traffic counts of 39,093 vehicles per day.
- 178 feet of frontage on Warwick Boulevard and 155 feet on Tabbs Lane for maximum visibility.
- 21 dedicated parking spaces with a 7.0/1000 ratio for convenient access.
- Two drive-through lanes and a secure vault remain in place for banking or similar operations.
- Zoned C1, allowing for a range of commercial and office uses.
- Immediately adjacent to $38M; 34,500 square foot state-of-the-art new Virgil I. Grissom Library Mixed-Use Redevelopment Plan funded by Newport News
Executive Summary
This single-story former bank branch offers a unique opportunity for owner-users or investors seeking a well-located property in Newport News, Virginia. Positioned at the signalized intersection of Warwick Boulevard and Tabbs Lane, the site benefits from excellent visibility and accessibility, with an average daily traffic count of 39,093 vehicles. The property sits on 0.69 acres and features 178 feet of frontage along Warwick Boulevard and 155 feet along Tabbs Lane, providing strong exposure for any business use.
The building includes two drive-through lanes, a secure vault, and a functional layout suitable for financial institutions, professional offices, or adaptive reuse. Zoned C1, the property supports a variety of commercial uses. With 21 on-site parking spaces and a ratio of 7.0/1000, it accommodates customer and employee needs efficiently. The assessed value is $1,075,600, and the offering price of $850,000 presents a compelling value proposition.
Located in the Sherwood neighborhood, the property is immediately adjacent to the $38,600,000 | 34,500 square-foot state-of-the-art Virgil I. Grissom Library Replacement Mixed-Use Development Project funded by the City of Newport News.
The building includes two drive-through lanes, a secure vault, and a functional layout suitable for financial institutions, professional offices, or adaptive reuse. Zoned C1, the property supports a variety of commercial uses. With 21 on-site parking spaces and a ratio of 7.0/1000, it accommodates customer and employee needs efficiently. The assessed value is $1,075,600, and the offering price of $850,000 presents a compelling value proposition.
Located in the Sherwood neighborhood, the property is immediately adjacent to the $38,600,000 | 34,500 square-foot state-of-the-art Virgil I. Grissom Library Replacement Mixed-Use Development Project funded by the City of Newport News.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Bank
Building Size
3,075 SF
Building Class
B
Year Built
1991
Price
$875,000
Price Per SF
$284.55
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.69 AC
Zoning
C1 - Retail Commercial
Parking
23 Spaces (7.48 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 119.00-07-01 | Improvements Assessment | $746,800 |
| Land Assessment | $328,800 | Total Assessment | $1,075,600 |
Property Taxes
Parcel Number
119.00-07-01
Land Assessment
$328,800
Improvements Assessment
$746,800
Total Assessment
$1,075,600
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13801 Warwick Blvd
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