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Investment Highlights

  • Currently occupied – leased through 3/31/2030 by financial firm
  • Located in opportunity zone
  • HVAC: 5 ton oversized unit (new compressor 2015)

Executive Summary

Discover an exceptional opportunity to own a well-maintained commercial property located in a designated Opportunity Zone, offering potential tax advantages for investors. This 1,496-square-foot building sits on a 0.16-acre lot and is zoned C-4, making it ideal for a wide range of commercial uses. Built in 1988, the property features a 5-ton oversized HVAC unit with a new compressor installed in 2015, ensuring efficient climate control for years to come. The parcel is identified by ID #196000510 and offers strong potential for owner-users, investors, or developers seeking a presence in a high-growth area.

1 Unit Available

Unit E

Unit Size 1,496 SF
Price $315,959 CAD
Price Per SF $211.20 CAD
Condo Use Office
Sale Type Investment
Description

1,496 SF on 0.16 acres

Sale Notes

Currently occupied – leased through 3/31/2030 by
financial firm

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 12,161 SF
Property Type Office (Condo)
Building Class B
Floors 1
Typical Floor Size 12,161 SF
Year Built 1988
Lot Size 0.28 AC
Opportunity Zone Yes
Zoning C4 - C4 + Opportunity Zone

Amenities

  • 24 Hour Access
  • Courtyard
  • Signage
  • Wheelchair Accessible
  • Reception
  • Air Conditioning
  • Smoke Detector
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
  • Listing ID: 36720318

  • Date on Market: 2024-07-12

  • Last Updated:

  • Address: 729 Thimble Shoals Blvd, Newport News, VA 23606

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