Retail Business for Sale in Newport News, VA
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Newport News, VA 23605
- Size: 6,941 SF
Description
Retail | Building Size: 6,941 SF | Land Area: 0.57 ac
Market Context
This retail in Newport News, VA is listed for sale across 6,941 SF. It has been on the market for 127 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).
Contact
- Ricky Anderson — Colliers · +1 757 217 1892
- Ricky Anderson · +1 757 217 1892
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