REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,400,000
Est. payment | /mo
21,631 SqFt
$ 2,400,000
Est. payment | /mo
21,631 SqFt
Key Details
Property Type Commercial
Sub Type Purchase
Listing Status Active
Purchase Type For Sale
Square Footage 21,631 sqft
Price per Sqft $110
Subdivision All Others Area 102
MLS Listing ID 10602841
HOA Y/N No
Year Built 1973
Annual Tax Amount $1,162,236
Lot Size 1.930 Acres
Property Sub-Type Purchase
Property Description
This 21,631 SF property on 1.93 acres (including adjoining parcel parking lot) sits on one of Hampton's busiest commercial corridor with excellent visibility and access. Currently leased as a newly renovated event space at $10/SF annually, grossing$216,000/year ($180,000/year actual after discount); under a 2-year NNN lease starting April 2025. There is an option for seller to buy out the lease at closing, giving the buyer immediate flexibility to occupy and operate their own business or retain the tenant for steady income. Features two new AC units, ample parking, and strong surrounding demographics. Ideal for investors seeking strong returns or an owner-operator looking for a move-in-ready facility in a prime location.
Location
State VA
County Hampton
Area 102 - Hampton West
Zoning C3
Interior
Heating Electric
Cooling Central Air
Flooring Carpet, Tile
Exterior
Parking Features 26-50 Spcs
Utilities Available City Sewer, City Water, Electric, Gas Avail
Roof Type Metal
Building
Story 1.0000
Foundation Slab
Others
Senior Community No
Ownership Simple
Disclosures None
Special Listing Condition None
© 2025 REIN, Inc. Information Deemed Reliable But Not Guaranteed
Listed by Bell-Key Properties Inc.
Get More Information
Quick Search