727 J Clyde Morris Blvd Bureau 797 m² 100 % Loué À vendre Newport News, VA 23601 858 556 € (1 077,34 €/m²) Taux de capitalisation 6,70 %

Positioned in the heart of Newport News, 727 J. Clyde Morris Boulevard offers a rare opportunity to acquire a fully leased, income-producing Class B office property with strong upside potential. This free-standing, multi-unit building spans approximately 8,578 square feet on 0.69 acres and boasts exceptional frontage and visibility along J. Clyde Morris Boulevard, one of the city’s most traveled corridors with traffic counts exceeding 38,000 vehicles per day.
Strategically located adjacent to Oyster Point Business Park and minutes from Interstate 64, the property provides seamless connectivity to the Peninsula’s major employment centers, retail hubs, and residential communities. Its central positioning ensures convenient access for tenants and clients alike, while monument signage enhances brand exposure for occupants.
The asset comprises six professional office suites, all under lease, delivering a stable income stream with a current NOI of $67,154 and a competitive 6.7% cap rate. Zoned C-1 Retail Commercial District, the property supports a wide range of commercial uses, offering flexibility for future repositioning or redevelopment. Surrounding demographics reflect a strong professional base, with over 84,000 residents within a three-mile radius and an average household income exceeding $76,000.
Whether you are an investor seeking reliable cash flow or an owner-user planning for long-term growth, this property represents a compelling blend of location, stability, and potential. Offered at $995,000, 727 J. Clyde Morris Boulevard is a prime addition to any portfolio in the thriving Newport News market.