Dual Address Corner Site (11021 & 11025 Jefferson Ave) 4,850 SF across 3 buildings
Auto dealership office, showroom presence
Main mechanic shop with 3 lifts,not currently leased.
Secondary service bay,1 lift with office below apartment
Second building currently used for detailing operations
Residential apartment above vacant,130+parking spaces, for dealership inventory or fleet use.
VALUE-ADD OPPORTUNITY
This asset offers significant upside through lease-up and operational expansion:
Lease out mechanic shop (3 lifts) for strong monthly income
Convert secondary bay into independent service operator or in-house service revenue
Rent apartment unit for additional passive income
Utilize excess parking for inventory expansion, fleet storage, or subleasing
For, Independent auto dealers expanding operations
Franchise dealers seeking satellite location
Auto service operators, tire, repair chains
Investors targeting multi-tenant automotive assets
|
TRACT
|
IVY FARMS
|
YEAR BUILT
|
1981
|
|
COMMUNITY
|
107 - Newport News Midtown East
|
COUNTY
|
Newport News
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Commercial
|
| AIR |
Other |
| AIR CONDITIONING |
Yes |
| AREA |
107 - Newport News Midtown East |
| CONSTRUCTION |
Concrete, Stucco, Vinyl Siding |
| LOT |
0.7 acre(s) |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
IVY FARMS |
| TAXES |
5299 |
| WATER |
Public |
| ZONING |
C2 |
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