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Sushi King 11883 Jefferson Ave 10,684 SF Retail Building Newport News, VA 23606 $3,679,525 CAD ($344.40 CAD/SF)
INVESTMENT HIGHLIGHTS
- Large site for multiple re-tenant/redevelopment plays.
- Big traffic count: 49,000 vpd on Jefferson Ave.
- Suitable for owner/user or investor who wants passive income. Tenant willing to sign longterm lease. Talk to broker for details.
- Turnkey restaurant if desired.
- Huge parking available.
EXECUTIVE SUMMARY
SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale the Sushi King restaurant property located at 11883 Jefferson Avenue, in Newport News, VA. Sushi King has been operating in this location for more than 15 years. The tenant will consider signing a new long-term lease or will vacate for an owner/user. The site consists of a 10,684 turnkey restaurant situated on an oversized 2.3ac parcel. The property is equidistant and about a mile to City Center, a high-density mixed-use development and the Marketplace at Tech Center (Whole Foods, DSW, HomeSense, Ulta Beauty). The property is zoned C1, allowing multiple uses including retail, office and hotel.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,684 SF
Building Class
C
Year Built
1988
Price
$3,679,525 CAD
Price Per SF
$344.40 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.30 AC
Zoning
C1 - Allows multiple uses including retail, office and hotel.
Parking
184 Spaces (17.22 Spaces per 1,000 SF Leased)
Frontage
209’ on Jefferson Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 183.00-01-18 | Improvements Assessment | $1,190,901 CAD |
| Land Assessment | $2,365,108 CAD | Total Assessment | $3,556,009 CAD |
PROPERTY TAXES
Parcel Number
183.00-01-18
Land Assessment
$2,365,108 CAD
Improvements Assessment
$1,190,901 CAD
Total Assessment
$3,556,009 CAD
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Sushi King | 11883 Jefferson Ave
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