Historic Post Office Event
132 E Queen St, Hampton, VA 23669
Fully renovated historic building in Downtown Hampton, premier event venue.
Type:Business for Sale, Hospitality, Mixed Use, Retail, Special Purpose
Property size:
16,390 SFPrice / SF:
$161/SF- Added:
- Apr 2, 2025
- Days on Market:
- 418
- Last Refresh:
- Mar 16 at 1:13 pm
Property Features for 132 E Queen St
General Information
- Standard status
- Active
- Size
- 16,390 SF
- Property subtype
- Business for Sale, Hospitality, Mixed Use, Retail, Special Purpose
Building Details
- Year Built
- 1914
Listing agent Ellis Colthorpe License #VA 0225249597
Listing office THALHIMER, INC.
Listing date Apr 2, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of THALHIMER, INC.
HighLights
- Fully renovated historic building in Downtown Hampton, currently operating as a premier event venue.
- Customizable open floor plan suitable for various event types.
- Full top‑to‑bottom renovation combining modern styling with preserved historic charm, including dark wood floors and white brick walls.
- Includes a full‑service warming kitchen.
- Features two newly renovated dressing suites.
- Multi‑functional courtyard with dedicated restrooms.
Overview
The Historic Post Office is a fully renovated historic building in the heart of Downtown Hampton. The property has been thoughtfully redesigned into a premier event venue. The two-story building features a customizable open floor plan, dark wood floors, and white brick walls. It also includes two newly renovated dressing suites, a full-service warming kitchen, a multi-functional courtyard with two dedicated restrooms, and a basement with two dedicated restrooms. The property offers an opportunity to acquire a historic Downtown Hampton landmark. The current owners are open to discussing a transfer of the existing event venue business, and financial information can be shared with a signed confidentiality agreement upon request. The property size is 16390 square feet.
Financial Insights
Value Estimation Calculated for Mixed Use
Conservative
$2.26M
NOI $203,564 @ 9.00% cap · cautious / downside scenario
Moderate
$2.91M
NOI $203,564 @ 7.00% cap · market / base-case scenario
Aggressive
$4.07M
NOI $203,564 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Mixed Use
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $354.0k | $21.60 |
| − Vacancy | −$28.3k | −$1.73 |
| EGI | $325.7k | $19.87 |
| − OpEx | −$122.1k | −$7.45 |
| NOI | $203.6k | $12.42 |
16,390 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Use Scenarios
Best Use
Mixed Use
$2.91M
$2.54M – $3.39M
NOI $203,564 @ 7.0% cap · market cap 7.68%
Second Best
Retail
$2.45M
$2.15M – $2.86M
NOI $171,641 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$4.26M
$3.73M – $4.97M
NOI $298,364 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
The Historic Post Office
Wedding Service
Location Insight
- Map
- Local Demand
- City
- Hampton
- County
- York
- State
- Virginia
- Longitude
- -76.3421696
- Latitude
- 37.0256126
Nearby Similar for Sale
FAQs
What type of property is this?
Wedding venue - Fully renovated historic building in Downtown Hampton, premier event venue.
Where is this wedding venue located?
The property is located at 132 E Queen St Hampton, VA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Fully renovated historic building in Downtown Hampton, currently operating as a premier event venue.; Customizable open floor plan suitable for various event types.; Full top‑to‑bottom renovation combining modern styling with preserved historic charm, including dark wood floors and white brick walls.
