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Commercial Land Pad Site with Drive-Through
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501 Michigan Dr, Hampton, VA 23669

0.7-acre pad site for ground lease or purchase, suited for QSR with drive-through as part of a new development.

Property Size1,200 SF
Days on Market151

Property Features for 501 Michigan Dr

General Information

Standard status Active
Size 1,200 SF
Property subtype RETAIL

Site & Location

Neighborhood Downtown
Listing Agency: Divaris Real Estate - Hampton Roads
Listed By: Levi Thomson
Source: Moodyscre
Added: Jun 5 Changed: Oct 25 Last Checked: Nov 1 at 6:50AM

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

Rey
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Investment Insights

Based on property information with market context.

A 0.7-acre pad site is available for ground lease or purchase as part of the Trilogy I & II development in Hampton. The site is positioned to support a quick-service restaurant concept with drive-through service.

The development also contemplates retail space integrated with the apartment component, with up to 8,000 SF of retail available on the ground floor of the apartment building portion of the project.

This offering is designed for developers and operators looking for a dedicated pad site within a larger residential construction underway, with the option to lease ground or purchase the site.

Key Highlights

  • 0.7‑acre pad site available for ground lease or purchase
  • Suited for QSR with drive‑through
  • Up to 8,000 SF retail available as ground floor of apartment building

Property Analytics

Who owns this building? See the owner, sales and loan history
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Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Parking Lot & Garage Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

230
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - 0.7-acre pad site for ground lease or purchase, suited for QSR with drive-through as part of a new development.
Where is this commercial land 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; Suited for QSR with drive‑through; Up to 8,000 SF retail available as ground floor of apartment building
(757) 675-9132 Call to check price and availability
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