Two-Building Storefront
New
For Sale
$775,000
2420 W Mercury Boulevard, Hampton, VA 23666
Commercial/Industrial, Hampton, VA
Property Size3,468 SF
Lot Size0.62 Acres
Price / SF$223.47
Days on Market5
Property Features for 2420 W Mercury Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Subdivision
ALL OTHERS AREA 105
Directions
Use GPS
Standard status
Active
Size
3,468 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Annual Amount
5971
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1950
Roof type
Shingle
Listing Agency:
Abbitt Realty Company LLC
(757) 827-6995
Listed By:
Carol Sobieski
(757) 534-7922
Added: Oct 5
Changed: Oct 8
Last Checked: Oct 9 at 10:06AM
MLS# 10656552
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
The offering includes two storefront buildings totaling 3,468 square feet on a 0.62-acre parcel. The 2,420 W. Mercury Boulevard building is configured for a beauty salon, with an open entry area, partitioned workstations, a lunch area, five private office spaces, and two restrooms. Salon equipment is included in its current as-is condition.
The second building, at 2,430 W. Mercury Boulevard, contains 684 square feet of open area, heating, air conditioning, and one bathroom. The property has 120 feet of frontage on W. Mercury Boulevard and is zoned C2. Both buildings are offered together.
The second building, at 2,430 W. Mercury Boulevard, contains 684 square feet of open area, heating, air conditioning, and one bathroom. The property has 120 feet of frontage on W. Mercury Boulevard and is zoned C2. Both buildings are offered together.
Key Highlights
- Two storefront buildings offered together, totaling 3,468 square feet
- 0.62‑acre parcel with 120 feet of frontage on W. Mercury Boulevard
- C2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,318
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,360
$726.4K
Cap Rate 7%
$518,829
$518.8K
Cap Rate 9%
$403,533
$403.5K
Market Conditions
NOI Build-Up for 3,468 SF
Gross rent
$54.1K $15.60/SF
− Vacancy
−$2.2K −$0.64/SF
EGI
$51.9K $14.96/SF
− OpEx
−$15.6K −$4.49/SF
NOI
$36.3K $10.47/SF
Area
Hampton, VA
Vacancy
4.10%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,360
Cap Rate 7%
$518,829
Cap Rate 9%
$403,533
Alternative Uses
Best Use
Retail
$518.8K
$454.0K – $605.3K
NOI $36,318 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$901.9K
$789.1K – $1.05M
NOI $63,131 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
322k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Dining 32%
Apparel 12%
Groceries 12%
Wawa
Shops & Services
54,936 visits/mo
0.1 miles
Chick-fil-A
Dining
37,493 visits/mo
0.4 miles
Walmart Neighborhood Market
Groceries
37,354 visits/mo
0.4 miles
Marshalls
Apparel
33,317 visits/mo
0.5 miles
Big Lots
Superstores
17,271 visits/mo
0.3 miles
Demographics for 23666, VA
52,845
Population
25,117
Households
2.1
Avg Household Size
37
Median Age
27%
College-Educated
91%
High-School Grad
19.4 sq mi
ZIP Area
2,724
Density / Sq Mi
$70,798
Median Household Income
$42,552
Median Earnings
$1,439
Median Rent
$241,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - The C2-zoned property combines a salon-configured space with a separate open-area building.
Where is this storefront property located?
The property is located at 2420 W Mercury Boulevard Hampton, VA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two storefront buildings offered together, totaling 3,468 square feet; 0.62‑acre parcel with 120 feet of frontage on W. Mercury Boulevard; C2 zoning
