Skip to main content

Single-Tenant Vacant-User

Former Steve's Steakhouse on Jefferson Avenue

11847 Jefferson Ave, Newport News, VA 23606

Listing Price: $2,995,000

Cap Rate
1.00%
Tenant Name
N/A
Years Remaining On Lease
0.1
Guarantor
No Guarantee
Rentable SF
7,500
Lease Type
Single Net

Investment Overview

Marcus and Millichap is pleased to exclusively list for sale the Former Steve’s Steakhouse located at 11847 Jefferson Avenue in Newport News, Virginia. This previously operating restaurant now stands vacant at the hard-corner signalized intersection of Jefferson Avenue and City Center Boulevard, which see more than 60,000 vehicles per day. The 7,351 square foot vacant building is situated on 1.32 acres of M-1 commercially zoned land in Newport News at the corner of two major thoroughfares leading towards Interstate 64. I-64 has, on average, over 159,309 vehicles per day. This once operating Steve’s Steakhouse is ideally situated for various types of developments. It is surrounded by a mix of both local businesses and national retail tenants such as Sonic, IHOP, Family Dollar, Aldi, Starbucks, Target, and more.

Investment Highlights

  • 1.32 Acre Development Site in Newport News, Virginia
  • High Traffic Location – More Than 60,000 Cars Per Day
  • Average Household Income $83,319 Within a 3-Mile Radius
  • Excellent Location, only 10 Minutes Away from Newport News Williamsburg International Airport

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Single-Tenant Vacant-User

Former Steve's Steakhouse on Jefferson Avenue

Listing Price: $2,995,000

Cap Rate
1.00%
Tenant Name
N/A
Years Remaining On Lease
0.1
Guarantor
No Guarantee
Rentable SF
7,500
Lease Type
Single Net

Investment Highlights

  • 1.32 Acre Development Site in Newport News, Virginia
  • High Traffic Location – More Than 60,000 Cars Per Day
  • Average Household Income $83,319 Within a 3-Mile Radius
  • Excellent Location, only 10 Minutes Away from Newport News Williamsburg International Airport

Investment Overview

Marcus and Millichap is pleased to exclusively list for sale the Former Steve’s Steakhouse located at 11847 Jefferson Avenue in Newport News, Virginia. This previously operating restaurant now stands vacant at the hard-corner signalized intersection of Jefferson Avenue and City Center Boulevard, which see more than 60,000 vehicles per day. The 7,351 square foot vacant building is situated on 1.32 acres of M-1 commercially zoned land in Newport News at the corner of two major thoroughfares leading towards Interstate 64. I-64 has, on average, over 159,309 vehicles per day. This once operating Steve’s Steakhouse is ideally situated for various types of developments. It is surrounded by a mix of both local businesses and national retail tenants such as Sonic, IHOP, Family Dollar, Aldi, Starbucks, Target, and more.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

MM Texture Background
MM Textured Background Lower