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    2501-2525 Mercury Blvd Hampton, VA 23666

    Sponsored
    For Lease
    $16 SF/Yr

    17,008 SF Strip Center, Space Available

    Lot size:
    17,008 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This well-located Hampton, VA, retail strip center offers a remaining 2,700 square feet of leasable space in a 17,008 square foot building. Built in 1957, the property boasts brick and block construction and is zoned C-2. The minimum divisible space is 950 square feet, with a maximum contiguous space of 1,750 square feet. The center enjoys exceptional visibility and accessibility, strategically positioned on West Mercury Boulevard, with multiple curb cuts providing convenient access from three streets (West Mercury Boulevard, Greenwood Drive, and Beechwood Road). Its prime location benefits from proximity to major thoroughfares, including Interstate 64, and is situated near established businesses such as Wawa, CVS, and Dollar General, all within a block. This presents a unique opportunity for businesses seeking high visibility and convenient access in a thriving Hampton neighborhood. The property's location between Peninsula Town Center and the Coliseum Central Business District further enhances its appeal. This is a rare opportunity to secure retail space in a well-established center with strong neighboring tenants and excellent access. The property is ideal for a variety of retail uses.

    Property Features for 2501-2525 Mercury Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,008 SF
    Class
    C
    Total Rate
    22677.33

    Building Details

    Year Built
    1957

    Unit(s) available at that property

    Space
    Suite 2509
    Size
    950 SF
    Rate per SF
    $16

    HighLights

    • 17,008 SF retail strip center with one 2,700 SF vacant space available, minimum divisible 950 SF, maximum contiguous 1,750 SF.
    • Excellent visibility and accessibility on West Mercury Boulevard, near Peninsula Town Center, Coliseum Central Business District, and I‑64.
    • Brick and block construction.
    • Strong neighboring tenants include Wawa, CVS, and Dollar General.
    • Class C property, built in 1957, zoned C‑2 in Hampton City.
    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 Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Hampton city
    State
    Virginia
    Longitude
    -76.410556
    Latitude
    37.035804

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    FAQs

    What type of property is this?
    Retail property - 17,008 SF Strip Center, Space Available
    Where is this retail property located?
    The property is located at 2501-2525 Mercury Blvd Hampton, VA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 17,008 SF retail strip center with one 2,700 SF vacant space available, minimum divisible 950 SF, maximum contiguous 1,750 SF.; Excellent visibility and accessibility on West Mercury Boulevard, near Peninsula Town Center, Coliseum Central Business District, and I-64.; Brick and block construction.
    Request Owner's contact information
    2501-2525 Mercury Blvd Hampton, VA 23666
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    Hampton, VA 23666
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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
    2501-2525 Mercury Blvd Hampton, VA 23666
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