725 City Center Blvd
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725 City Center Blvd
111,196 SF Industrial Building Newport News, VA 23606 $15,657,305 CAD ($141 CAD/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 | $15,657,305 CAD | No. Stories | 1 |
| Price Per SF | $141 CAD | 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 | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 9.55 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 111,196 SF |
| Price | $15,657,305 CAD |
| Price Per SF | $141 CAD |
| 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 |
| No. Stories | 1 |
| Year Built | 1991 |
| Tenancy | Single |
| Clear Ceiling Height | 27 ft |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
Amenities
- Bus Line
- Signage
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PROPERTY TAXES
| Parcel Number | 184.00-01-62 | Improvements Assessment | $9,371,256 CAD |
| Land Assessment | $2,281,657 CAD | Total Assessment | $11,652,913 CAD |
PROPERTY TAXES
Parcel Number
184.00-01-62
Land Assessment
$2,281,657 CAD
Improvements Assessment
$9,371,256 CAD
Total Assessment
$11,652,913 CAD
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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