Retail Space with Monument
For Sale
Contact for pricing
1721 N King St, Hampton, VA 23669
Retail building with monument signage and waterfront outdoor space on a 0.96-acre site.
Property Size3,861 SF
Lot Size0.96 Acres
Price / SF$118.88
Days on Market597
Property Features for 1721 N King St
General Information
Standard status
Active
Size
3,861 SF
Lot size
0.96 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
North King St
Listing Agency:
Campana Waltz Commercial Real Estate, LLC - West
(757) 209-2990
Listed By:
Ron A Campana Jr
Source:
Moodyscre
Added: Mar 14, 2025
Changed: Oct 25
Last Checked: Oct 30 at 5:35PM
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 Campana Waltz Commercial Real Estate, LLC - West
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Investment Insights
Based on property information with market context.
This retail space includes approximately 3,861 square feet of building area and 1,360 square feet of outdoor space on a 0.96-acre waterfront site. The property was previously used as a restaurant space, and the layout can support a range of professional retail or office uses.
The property is located at 1721 N King St in Hampton, VA 23669, with monument signage designed to support visibility. It is also in close proximity to Langley Air Force Base, which can be useful for tenant drawing power and day-to-day access.
With both building and outdoor space, this offering provides a flexible footprint for businesses looking for a prominent, sign-visible presence at the waterfront.
The property is located at 1721 N King St in Hampton, VA 23669, with monument signage designed to support visibility. It is also in close proximity to Langley Air Force Base, which can be useful for tenant drawing power and day-to-day access.
With both building and outdoor space, this offering provides a flexible footprint for businesses looking for a prominent, sign-visible presence at the waterfront.
Key Highlights
- 0.96‑acre waterfront property with 1,360 square feet of outdoor space
- Approximately 3,861 square feet of building area
- Monument signage for visibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,433
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,660
$808.7K
Cap Rate 7%
$577,614
$577.6K
Cap Rate 9%
$449,256
$449.3K
Market Conditions
NOI Build-Up for 3,861 SF
Gross rent
$60.2K $15.60/SF
− Vacancy
−$2.5K −$0.64/SF
EGI
$57.8K $14.96/SF
− OpEx
−$17.3K −$4.49/SF
NOI
$40.4K $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%
$808,660
Cap Rate 7%
$577,614
Cap Rate 9%
$449,256
Alternative Uses
Best Use
Retail
$577.6K
$505.4K – $673.9K
NOI $40,433 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$878.6K – $1.17M
NOI $70,286 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
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Business Placement
Demographics for 23669, VA
41,030
Population
17,589
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
94%
High-School Grad
12.1 sq mi
ZIP Area
3,391
Density / Sq Mi
$66,999
Median Household Income
$41,874
Median Earnings
$1,202
Median Rent
$246,400
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail building with monument signage and waterfront outdoor space on a 0.96-acre site.
Where is this retail space located?
The property is located at 1721 N King St Hampton, VA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 0.96‑acre waterfront property with 1,360 square feet of outdoor space; Approximately 3,861 square feet of building area; Monument signage for visibility
