701 Rumph WAY Newport News, VA $ 950,000
701 Rumph WAY
$ 950,000
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701 Rumph WAY

Newport News, VA, 23601
$ 950,000
Baths0.0 Sq 29,621

Monthly Estimate*

$ 6,636

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Studio

Commercial Property for sale in Newport News, VA

for $950,000. This 29,621 square foot building was built in 1962 on a lot size of 0.68.

Newly renovated (2021) commercial building, now transformed into a thriving 15-unit motel. Each unit boasts two bedrooms, a convenient kitchenette, and a full bath. Recently upgraded with a brand-new roof installed in February 2024, this property ensures both durability and peace of mind for years to come. Strategically located within close proximity to public transportation, guests can easily explore the area's attractions. This property presents an enticing opportunity for investors seeking a turnkey property primed for success.

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Commercial Active

Price

$ 950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,133

Style

Commercial/Industrial

Lot Size

0.68

Year Built

1962

Town/City

Newport News

County/Region

Newport News City

MLS | Web ID

10525891

Features
General
Construction Block
Heating Electric
Cooling Window/Wall
Utilities City Sewer City Water Electric
Ownership Type Simple
Features Mini Kitchen Priv Restrms
Roof Asphalt Shingle
Parking Close to Mass Transit Paved 1-25 Spcs
Zoning C1
Property Type Commercial/Industrial
Area 107 - Newport News Midtown East
Subdivision Name IVY FARMS
Location Faces Front
Sub Type Purchase
New Construction Y/N 0
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Exterior
Siding Other
Foundation Slab
Garage Y/N 0
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* Excluded Features
List By
Thomas Pierce

Listing Agent

Onyx Realty Professionals

Broker

Affordability Calculator

$7,064
Per Month
94%
6%
0%
Monthly Principal & Interest
$6,636
Monthly Property Taxes
$428
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
239339 Elementary School
239621 Middle School
Unknown High School High School

Map


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701 Rumph WAY, Newport News, VA, 23601 is a Commercial Property for sale at $950,000 with 29,621 sqft and a lot size of 0.68. 701 Rumph WAY is a studio with 0.0 baths and was built in 1962. The property's zip code is 23601 which is in Newport News, VA