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Key Details
Property Type Commercial
Sub Type Purchase
Listing Status Active
Purchase Type For Sale
Square Footage 4,850 sqft
Price per Sqft $369
Subdivision Ivy Farms
MLS Listing ID 10652156
HOA Y/N No
Year Built 1981
Annual Tax Amount $5,299
Lot Size 0.700 Acres
Property Sub-Type Purchase
Property Description
The property includes an auto dealership office with showroom presence, a main mechanic shop equipped with three lifts, a secondary service bay with one lift and office space, and a separate building currently used for automotive detailing. A vacant residential apartment above the secondary service and office area offers additional income potential.
The separate buildings and distinct operating areas create excellent potential for multiple future tenants and diversified rental-income streams. An investor may have the opportunity to lease the dealership office, three-lift mechanic shop, secondary service bay, detailing building, and apartment to separate occupants, subject to zoning, permits, access, utilities, and other applicable requirements. The main three-lift mechanic shop is not currently leased, allowing immediate flexibility for an owner-user or a new income-producing tenant.
This versatile layout may appeal to auto dealerships, repair businesses, detailing companies, fleet operators, investors, or entrepreneurs seeking multiple operations at one location. Existing automotive infrastructure, separate work areas, dual addresses, and substantial parking make this a compelling value-add investment with significant future income potential.
Property details, building areas, acreage, equipment, parking capacity, zoning, permitted uses, and multi-tenant potential must be independently verified by the purchaser. Showings by appointment only; do not disturb occupants or operating businesses.
Location
State VA
County Newport News
Area 107 - Newport News Midtown East
Zoning C2
Interior
Cooling Other
Flooring Concrete, Laminate/LVP, Tile
Exterior
Parking Features Lot, 101+ Spcs
Garage Spaces 1800.0
Utilities Available City Sewer, City Water, Electric, Other
Roof Type Asphalt Shingle,Other
Building
Story 2.0000
Foundation Slab
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement, Owner Agent
Special Listing Condition Disclosure Statement, Owner Agent
Nearby Locations
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Otis Humphreys
Professional Real Estate Agent/Investor License ID: 225268614
Professional Real Estate Agent/Investor License ID: 225268614