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    4813 Mercury Blvd Hampton, VA 23666

    Sponsored
    For Sale
    $2,500,000

    11,217 SF Vacant Retail Building, High Traffic

    Property size:
    11,217 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, a former Rite-Aid, presents a significant investment opportunity in Hampton, VA. Located at 4813 W Mercury Blvd, this 11,217 square foot building sits on a sizable 1.8-acre lot, offering ample space for redevelopment or repurposing. The property boasts a highly desirable C-2 zoning, permitting a wide range of retail and recreational uses. Its strategic location at a signalized intersection ensures high visibility and accessibility, with an impressive average daily traffic count of 45,000 vehicles. The building itself is a well-maintained brick structure, built in 2000, and features a convenient double drive-thru. Ample parking is provided with 80 spaces available. The property's proximity to the Newmarket Fair Redevelopment Project, including notable retailers like Chick-fil-A, Wawa, and Valvoline, further enhances its appeal and potential for strong returns. The asking price is $2,500,000. This is a rare opportunity to acquire a substantial retail property in a thriving commercial area.

    Property Features for 4813 Mercury Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,217 SF
    Lot Size
    78,408 SF

    Building Details

    Year Built
    2000
    Buildings
    1

    HighLights

    • 1.8‑acre parcel.
    • Signalized intersection with excellent visibility.
    • Prime retail location on a major thoroughfare.
    • High traffic counts (45,000 vehicles per day).
    • 11,217 square foot brick building.
    • Double drive‑thru configuration.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Pharmacy Western Union Money Transfer Service Cardtronics ATM Atm Coinhub Bitcoin ATM ... Atm Richard G. Helmstutler, ... Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Hampton City
    State
    Virginia
    Longitude
    -76.43286083
    Latitude
    37.02473715

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    FAQs

    What type of property is this?
    Individual retail property - 11,217 SF Vacant Retail Building, High Traffic
    Where is this individual retail property located?
    The property is located at 4813 Mercury Blvd Hampton, VA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 1.8-acre parcel.; Signalized intersection with excellent visibility.; Prime retail location on a major thoroughfare.
    Request Owner's contact information
    4813 Mercury Blvd 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
    4813 Mercury Blvd Hampton, VA 23666
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