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11021-11025 Jefferson Ave 4,840 SF Vacant Retail Building Newport News, VA 23601 $2,827,611 CAD ($584.22 CAD/SF) 25% Cap Rate
Investment Highlights
- Multiple income streams,dealership + service + rent, Value-add opportunity,3-lift shop activation, High-traffic, high-visibility corridor.
- Fully activate service operations. boost NOI significantly Lease apartment + office additional passive income Expand dealership inventory.
- Fully renovated asset. Excess parking, 130+ major competitive advantage,Strong automotive-use positioning.
Executive Summary
Turnkey Automotive Business + Real Estate -High Exposure, Multiple Income Streams, and Scalable Growth Potential.
Exceptional opportunity to acquire a fully operational, multi-income automotive asset positioned on one of the highest-traffic corridors in Newport News (40,000+ vehicles/day). This rare mixed-use investment offers immediate income with significant upside through expansion of existing operations.
The property consists of three fully renovated buildings totaling approximately 4,840 SF on 0.35 acres, featuring an active car dealership, multiple mechanic shops (including a large 3-lift service facility nearing completion), detailing area, and additional office/flex space. An upstairs residential unit provides additional rental income potential, creating a true multi-stream revenue opportunity.
Strategically designed for automotive use, the site includes 130+ parking spaces and 280 feet of frontage on Jefferson Ave, delivering unmatched visibility, accessibility, and operational efficiency for high-volume sales and service businesses.
Current operations have been recently established with strong early performance, while the near-completion of the larger mechanic facility presents a clear value-add opportunity to significantly increase revenue and overall NOI. Additional upside exists through leasing of unused office space and residential components.
Located in a dense and active market supported by a 394,000+ population within a 10-mile radius and $11.9B in buying power, this asset is ideally positioned for long-term growth and stability.
This offering is best suited for owner-users, automotive operators, or investors seeking a scalable, income-producing asset with immediate cash flow and future upside potential.
UPSIDE POTENTIAL
Fully activate service operations ? boost NOI significantly
Lease apartment + office ? additional passive income
Expand dealership inventory (high exposure = higher sales)
Convert to full-service automotive center
Exceptional opportunity to acquire a fully operational, multi-income automotive asset positioned on one of the highest-traffic corridors in Newport News (40,000+ vehicles/day). This rare mixed-use investment offers immediate income with significant upside through expansion of existing operations.
The property consists of three fully renovated buildings totaling approximately 4,840 SF on 0.35 acres, featuring an active car dealership, multiple mechanic shops (including a large 3-lift service facility nearing completion), detailing area, and additional office/flex space. An upstairs residential unit provides additional rental income potential, creating a true multi-stream revenue opportunity.
Strategically designed for automotive use, the site includes 130+ parking spaces and 280 feet of frontage on Jefferson Ave, delivering unmatched visibility, accessibility, and operational efficiency for high-volume sales and service businesses.
Current operations have been recently established with strong early performance, while the near-completion of the larger mechanic facility presents a clear value-add opportunity to significantly increase revenue and overall NOI. Additional upside exists through leasing of unused office space and residential components.
Located in a dense and active market supported by a 394,000+ population within a 10-mile radius and $11.9B in buying power, this asset is ideally positioned for long-term growth and stability.
This offering is best suited for owner-users, automotive operators, or investors seeking a scalable, income-producing asset with immediate cash flow and future upside potential.
UPSIDE POTENTIAL
Fully activate service operations ? boost NOI significantly
Lease apartment + office ? additional passive income
Expand dealership inventory (high exposure = higher sales)
Convert to full-service automotive center
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$873,860
|
$180.55
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $873,860 |
| Annual Per SF | $180.55 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,840 SF
Building Class
B
Year Built/Renovated
1990/2026
Price
$2,827,611 CAD
Price Per SF
$584.22 CAD
Cap Rate
25%
NOI
$706,903 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.32
Lot Size
0.35 AC
Zoning
C2 - This fully updated multi-building asset combines car sales, service operations, and rental income potential, making it ideal for both owner-users and
Parking
130 Spaces (26.86 Spaces per 1,000 SF Leased)
Frontage
280’ on Jefferson
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Sunrise Auto Group VA
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Sunrise Auto Group VA | Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $433,592 CAD (2025) | |
| Land Assessment | $482,493 CAD (2025) | Total Assessment | $916,085 CAD (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$482,493 CAD (2025)
Improvements Assessment
$433,592 CAD (2025)
Total Assessment
$916,085 CAD (2025)
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11021-11025 Jefferson Ave
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