Retail Business for Sale in Newport News, VA

  • Price: $520K
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Newport News, VA 23605
  • Size: 2,254 SF

Description

9900 Jefferson Avenue Flyer

Market Context

This retail in Newport News, VA is listed for sale at $520,000 across 2,254 SF. It has been on the market for 26 days. Compare it against other retail listings for sale in Newport News, VA — <a href="/search/sale/retail/virginia/newport-news">view the full market</a>.

As of Q4 2023, the Hampton Roads retail market showed a 3.6% vacancy rate, average asking rents near $22.50/SF/yr, and cap rates around 6.6%. Source: Consensus Q4 2023 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in Hampton Roads?
About 6.6% as of Q4 2023, per Consensus.
Is the Hampton Roads retail market tightening or softening?
Vacancy is around 3.6% (Q4 2023).

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