Retail Storefront with Office
2420 W Mercury Boulevard Hampton, VA 23666
2420 W Mercury Boulevard, Hampton, VA, 23666
$475,000
For Sale
$475,000
COMMERCIAL - Hampton, VA
Property Size3,468 SF
Lot Size0.30 Acres
Price / SF$136.97
Days on Market69
Property Features for 2420 W Mercury Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C2
- Standard status
- Active
- Size
- 3,468 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3678
Utilities
- Heating system
- Forced Air
- 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: May 14 Updated: Jun 5 at 9:51AM Checked: Jul 21 at 9:06AM
MLS# 10634184
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Investment Insights
Based on property information with market context.
This for-sale retail storefront is currently operated as a beauty shop and features a large open area upon entry. Interior layout includes sectioned workstations, a lunch area, three separate office spaces, and two restrooms. The property is zoned C2, and the listing notes that approved uses should be confirmed under Hampton’s C-2 table of permitted uses. Equipment may be negotiated separately.
The property has frontage on W. Mercury Boulevard in Hampton, VA. It is described as being close to Coliseum Central and I64, supporting convenient access for retail and service-oriented users.
With its combination of open retail/service space and enclosed office rooms, the layout can suit a range of tenants that need both customer-facing area and back-office separation. Prospective buyers should verify permitted uses under the C2 zoning designation and review what fixtures or equipment are included, given the separate negotiation note for the current business setup.
The property has frontage on W. Mercury Boulevard in Hampton, VA. It is described as being close to Coliseum Central and I64, supporting convenient access for retail and service-oriented users.
With its combination of open retail/service space and enclosed office rooms, the layout can suit a range of tenants that need both customer-facing area and back-office separation. Prospective buyers should verify permitted uses under the C2 zoning designation and review what fixtures or equipment are included, given the separate negotiation note for the current business setup.
Key Highlights
- Frontage on W. Mercury Blvd; located near Coliseum Central and I‑64
- Current business: beauty shop with sectioned workstations and a large open entry area
- Includes lunch area, 3 separate office spaces, and 2 restrooms
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.1k | $15.60 |
| − Vacancy | −$2.2k | −$0.64 |
| EGI | $51.9k | $14.96 |
| − OpEx | −$15.6k | −$4.49 |
| NOI | $36.3k | $10.47 |
3,468 SF · lease $15.60/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$518.8K
$454.0K – $605.3K
NOI $36,318 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$901.9K
$789.1K – $1.05M
NOI $63,131 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Essence Of Beauty Total ...
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Storefront retail space with large open area, multiple offices, and restrooms on Mercury Boulevard frontage.
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 $475,000.
What are key features of this property?
This property features: Frontage on W. Mercury Blvd; located near Coliseum Central and I‑64; Current business: beauty shop with sectioned workstations and a large open entry area; Includes lunch area, 3 separate office spaces, and 2 restrooms
