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    4 Mallory St Hampton, VA 23663

    Sponsored
    For Sale
    $625,000

    Prime .75-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional .75-acre commercial land parcel, situated at the signalized intersection of N. Mallory Street and W. County Street in Hampton, Virginia, presents a unique investment opportunity. Zoned PH-1, this unimproved lot offers approximately 175' x 195' of buildable space and is ideally suited for retail or multi-family development. Its prime location in the vibrant Phoebus section of Hampton places it within easy reach of I-64 via a nearby on/off ramp, ensuring excellent accessibility. The property benefits from its proximity to Hampton University, downtown Hampton, and Fort Monroe, adding to its appeal. Furthermore, its location within an Urban Enterprise Zone provides potential economic advantages. The surrounding area boasts a thriving culinary scene, with popular establishments such as The Baker's Wife Bistro & Bar, 1865 Brewing Co., Mango Mangeaux, Phoebus Dive Bar, and El Diablo Loco Cantina & Tequila Bar nearby. The area is also experiencing growth, with the recent completion of the Monroe Gates Apartments and additional apartment projects planned in the vicinity. This property offers a compelling combination of location, zoning, and development potential, making it an attractive investment for discerning buyers. The asking price is $625,000. The zip code is 23663.

    Property Features for 4 Mallory St

    General Information

    Property type
    Land
    Lot Size
    32,670 SF

    HighLights

    • 0.75‑acre corner lot (approx. 175' x 195').
    • Signalized intersection provides excellent visibility.
    • Prime location near Hampton University, downtown Hampton, and Fort Monroe.
    • Situated in an Urban Enterprise Zone, offering potential tax benefits.
    • Adjacent to the new Monroe Gates Apartments.
    • Future apartment development planned nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Hampton city
    State
    Virginia
    Longitude
    -76.320818
    Latitude
    37.01915

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    FAQs

    What type of property is this?
    Land - Prime .75-acre lot, ideal for development.
    Where is this land located?
    The property is located at 4 Mallory St Hampton, VA.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: 0.75-acre corner lot (approx. 175' x 195').; Signalized intersection provides excellent visibility.; Prime location near Hampton University, downtown Hampton, and Fort Monroe.
    (757) 876-4847
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    4 Mallory St Hampton, VA 23663
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4 Mallory St Hampton, VA 23663
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