Retail Space with
For Lease
Contact for pricing
501 Michigan Dr, Hampton, VA 23669
0.7-acre pad site suitable for a QSR with drive-thru, with up to 8,000 SF of retail planned at the apartment ground level.
Property Size1,200 SF
Lot Size0.70 Acres
Days on Market58
Property Features for 501 Michigan Dr
General Information
Standard status
Active
Size
1,200 SF
Net Rentable
30,492 SF
Lot size
0.70 Acres
Property subtype
RETAIL
Space & Availability
Available Space
30,492 SF
Contiguous Space
30,492 SF
Listing Agency:
Divaris Real Estate - Hampton Roads
(757) 675-9132
Listed By:
Levi Thomson
(757) 675-9132
Source:
Moodyscre
Added: Jun 5
Changed: Jul 30
Last Checked: Jul 31 at 1:42PM
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 Divaris Real Estate - Hampton Roads
Investment Insights
Based on property information with market context.
A 0.7-acre pad site is available for ground lease or purchase, positioned for a QSR concept with drive-thru. The offering is tied to the Trilogy I & II residential development currently underway in Hampton.
As the apartment project progresses, up to 8,000 SF of retail is planned as ground floor space within apartment building 4. The development is described as delivering 600+ residential units, supporting demand for neighborhood and convenience-oriented retail.
This is a retail-forward site option for operators seeking direct adjacency to a growing residential community, with drive-thru functionality supported on the pad site and additional ground level retail planned within the development.
As the apartment project progresses, up to 8,000 SF of retail is planned as ground floor space within apartment building 4. The development is described as delivering 600+ residential units, supporting demand for neighborhood and convenience-oriented retail.
This is a retail-forward site option for operators seeking direct adjacency to a growing residential community, with drive-thru functionality supported on the pad site and additional ground level retail planned within the development.
Key Highlights
- 0.7‑acre pad site available for ground lease or purchase
- QSR with drive‑thru supported for the pad site
- Up to 8,000 SF of retail planned as ground floor of apartment building 4
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 36%
Shops & Services 32%
Dining 30%
Hotels & Casinos 1%
The Home Depot
Home Improvements & Furnishings
35,500 visits/mo
0.4 miles
McDonald's
Dining
22,272 visits/mo
0.3 miles
Raceway
Shops & Services
11,212 visits/mo
0.5 miles
Burger King
Dining
7,349 visits/mo
0.4 miles
Family Dollar
Shops & Services
7,329 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 0.7-acre pad site suitable for a QSR with drive-thru, with up to 8,000 SF of retail planned at the apartment ground level.
Where is this retail space located?
The property is located at 501 Michigan Dr Hampton, VA.
What are key features of this property?
This property features: 0.7‑acre pad site available for ground lease or purchase; QSR with drive‑thru supported for the pad site; Up to 8,000 SF of retail planned as ground floor of apartment building 4
