0.78-acre Commercial Outparcel

Investment Overview

The property, which will be subdivided from a larger multifamily tract, is a ±0.78-acre commercial development opportunity located at the signalized intersection of Jefferson Avenue and Saint Thomas Drive in Newport News, Virginia. Positioned along one of the Peninsula’s primary retail corridors, the site benefits from exceptional visibility, strong traffic counts of approximately 49,000 vehicles per day, and immediate proximity to an established 296-unit multifamily community, providing a built-in and consistent consumer base.

Investment Highlights

• Prime Jefferson Avenue Frontage – Approximately 190 feet of frontage along one of Newport News’ most heavily trafficked corridors
• Strong Traffic Counts – ±49,000 vehicles per day providing excellent exposure and accessibility
• Signalized Intersection Access – Located at a controlled intersection, enhancing ingress and egress
• Flexible Development Opportunity – Ideal for QSR, fast-casual, medical, service retail, automotive services, or EV-oriented concepts
• Dense Residential Population – 296-unit multifamily community immediately adjacent with a total population of more than 170,000 in a 5-mile radius