Newport News, Virginia, offers a unique opportunity for investors to capitalize on the city's growing industrial and commercial sectors. With 3 warehouses for sale, Newport News presents a diverse range of investment opportunities. Warehouses in Newport News can represent a variety of investments, from industrial properties for manufacturing and distribution to commercial spaces for office and retail use. The city's strategic location, with access to the James River and major highways, makes it an attractive location for businesses that rely on transportation and logistics. Additionally, Newport News is home to a skilled workforce, with nearby institutions such as Christopher Newport University and the Newport News Shipbuilding apprenticeship program providing a steady supply of qualified employees. The city's amenities, including the Newport News/Williamsburg International Airport and the Newport News Park, also make it an attractive location for businesses and residents alike. With its rich history, strong economy, and high quality of life, Newport News is an excellent place to invest in a warehouse property.
Newport News is a city that offers a unique blend of history, industry, and natural beauty. With its location on the James River and its proximity to major highways, the city is an attractive location for businesses that rely on transportation and logistics. In addition to its 3 warehouses for sale, Newport News also offers a range of other property types, including industrial properties, land, residential income homes, and commercial real estate. Industrial properties in Newport News are ideal for manufacturing and distribution, while land is available for development and construction projects. Residential income homes offer a steady stream of revenue, and commercial real estate provides opportunities for office and retail space. With its strong economy, skilled workforce, and high quality of life, Newport News is an excellent place to invest in real estate. The city's many amenities, including the Mariners' Museum and the Virginia Living Museum, make it an attractive location for businesses and residents alike. Overall, Newport News is a city that offers a unique combination of history, industry, and natural beauty, making it an excellent place to invest in real estate.
What are the key features investors look for in warehouses in Newport News?
When searching for warehouses in Newport News, investors typically look for properties that offer a strategic location, flexible space, and strong potential for returns, considering factors such as:
- Proximity to major transportation hubs, including Newport News/Williamsburg International Airport, Norfolk International Airport, and Richmond International Airport, as well as easy access to Interstate Highway 64 and the Hampton Roads Beltway, to facilitate efficient logistics and supply chain management.
- Warehouse sizes ranging from 49,687 square feet to 72,500 square feet, with average prices per square foot of $123 USD, to accommodate various business needs and budgets.
- Average cap rates of , indicating a potential for strong returns on investment, particularly in areas with high demand for industrial and commercial space, such as near the Newport News Shipbuilding and Joint Base Langley–Eustis.
With 3 available listings of warehouses in Newport News, investors have a range of options to choose from, depending on their specific needs and investment goals.
What size warehouses are available to buy in Newport News?
Warehouses for sale in Newport News range in size from approximately 49,687 square feet to 72,500 square feet, offering a variety of options for businesses and investors looking to purchase a warehouse in this strategic location.
How much does it cost to buy a warehouse in Newport News?
When it comes to buying a warehouse in Newport News, the cost can vary depending on factors such as size, location, and condition, but on average, you can expect to pay around $123 USD per square foot, with the average warehouse size being around 49,687 square feet, and the largest available warehouse space being around 72,500 square feet, with a total of 3 available listings to choose from, and an average cap rate of.
