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    227 E Mercury Blvd Hampton, VA 23669

    For Sale
    $2,400,000

    Purchase,Commercial/Industrial - Hampton, VA

    Property size:
    21,631 SF
    Lot size:
    1.93 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 227 E Mercury Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C3
    Interior features
    Public Restrms
    Exterior features
    Landscaped
    Size
    21,631 SF
    Lot size
    1.93 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1973
    Floors in Building
    1
    Flooring type
    Carpet, Tile
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    BELL-KEY Properties, Inc. (757) 826-0100 [email protected]

    Listing agent Stephen Simmons (757) 826-0100

    Listing date Oct 7, 2025

    MLS# 10602841 Listing URL

    Copyright © 2025 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hampton Commercial Property on Mercury Boulevard

    This 21,631 SF commercial property is situated on 1.93 acres, which includes an adjoining parcel parking lot. The property is located on one of Hampton’s busiest commercial corridors, offering excellent visibility and access. Currently, the property is leased as a newly renovated event space with a rental rate of $10 per square foot annually, grossing $216,000 per year ($180,000 per year actual after discount). The lease is a 2-year NNN lease starting in April 2025. There is an option for the seller to buy out the lease at closing, providing the buyer with immediate flexibility to either occupy and operate their own business or retain the tenant for steady income. The property features two new AC units and ample parking. The surrounding demographics are strong. This property is ideal for investors seeking strong returns or an owner-operator looking for a move-in-ready facility in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Event Center of Hampton Event Venue Mercury Entertainment Center Bingo Hall The Marching Elites Association Training Centre

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Accounting Firm Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Becky's Buckroe Florist

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    York
    State
    Virginia
    Longitude
    -76.3252201
    Latitude
    37.0349746

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    FAQs

    What type of property is this?
    Storefront property - 21,631 SF property on 1.93 acres, excellent visibility.
    Where is this storefront property located?
    The property is located at 227 E Mercury Blvd Hampton, VA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - High-visibility location on a busy commercial corridor with excellent access.; - Substantial 21,631 SF property on 1.93 acres with ample parking.; - Current lease provides $216,000/year gross income with NNN lease starting April 2025.
    (757) 826-0100
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    227 E Mercury Blvd Hampton, VA 23669
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