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    21 Libby St Hampton, VA 23663

    Sponsored
    For Sale
    $350,000

    9.16 Acres, C-2 Zoning, $350K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.16-acre commercial land parcel presents a unique development opportunity in Hampton, Virginia's vibrant Phoebus Historic District. Located at 21 Libby St, zip code 23663 (37.0177059, -76.325524), this property is zoned C-2, allowing for a diverse range of commercial uses. The asking price is $350,000. Ideal for developers seeking to capitalize on the area's rich history and growing economy, this site offers significant potential for various projects. Permitted uses specifically include hotels, restaurants, and motels, making it an attractive investment for hospitality ventures or mixed-use developments. The substantial lot size provides ample space for large-scale projects, while the prime location within the Phoebus Historic District ensures high visibility and accessibility. This is a rare opportunity to acquire a significant land holding in a desirable and thriving area of Hampton, Virginia. Serious inquiries are encouraged to explore the full potential of this exceptional property. The property's address is easily accessible via major roadways, offering convenient access for both residents and visitors. This location provides excellent visibility and exposure for any commercial enterprise. The C-2 zoning ensures flexibility in development plans, allowing for a wide range of possibilities.

    Property Features for 21 Libby St

    General Information

    Property type
    Land
    Lot Size
    399,010 SF

    HighLights

    • Prime location in the Phoebus Historic District.
    • Exceptional walkability to shops, restaurants, and waterfront amenities.
    • High‑demand area with strong rental potential.
    • Opportunity for significant value appreciation in a thriving historic district.
    • Attractive architectural details characteristic of the Phoebus Historic District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hampton
    County
    Hampton City
    State
    Virginia
    Longitude
    -76.325524
    Latitude
    37.0177059

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    FAQs

    What type of property is this?
    Land - 9.16 Acres, C-2 Zoning, $350K
    Where is this land located?
    The property is located at 21 Libby St Hampton, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Prime location in the Phoebus Historic District.; Exceptional walkability to shops, restaurants, and waterfront amenities.; High-demand area with strong rental potential.
    (757) 640-9290
    Request Owner's contact information
    21 Libby St Hampton, VA 23663
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    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
    21 Libby St Hampton, VA 23663
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