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950 Omni Blvd 5.06 Acres of Commercial Land Offered at $1,107,928 CAD in Newport News, VA 23606

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INVESTMENT HIGHLIGHTS

  • 5.06 acre parcel on Diligence Drive.
  • Pylon sign available.
  • C-4 (Hotel) Zoning.
  • Visible from I-64 and the J Clyde Morris Blvd. exit.

EXECUTIVE SUMMARY

The property is located adjacent to the Magnuson Hotel (former Omni Hotel) in the Oyster Point Industrial/Office Park. The area is considered the Peninsula’s premier business community. It is a regional corridor with several shopping centers, a mall, over 2 million sq. ft. of office space, many hotels, banking, legal, and research facilities.

PROPERTY FACTS

Price $1,107,928 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Hospitality
  • Hotel
  • Motel
Total Lot Size 5.06 AC
Opportunity Zone Yes
Zoning C-4

1 LOT AVAILABLE

Lot

Price $1,107,928 CAD
Price Per AC $218,958.10 CAD
Lot Size 5.06 AC

5.06 acres on Diligence Drive adjacent to the Magnuson Hotel. (Former Omni Hotel). Zoned C-4.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
185.00-01-05
Land Assessment
$1,065,454 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,065,454 CAD
  • Listing ID: 25873052

  • Date on Market: 2024-11-15

  • Last Updated:

  • Address: 950 Omni Blvd, Newport News, VA 23606

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