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    1631 Merchant Ln Hampton, VA 23666

    Sponsored
    For Lease
    Contact for pricing

    Prime Hampton retail space available.

    Lot size:
    48,609 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    The Shops at Peninsula Town Center, located at 1631 Merchant Ln, Hampton, VA 23666, presents a compelling retail investment opportunity. This 48,609 square foot shopping center, built in 2009, offers multiple spaces for lease, ranging from 1,619 to 2,737 contiguous square feet. Currently, 10,709 square feet of space is available. The property features modern finishes and ample parking, ensuring high visibility and convenient access for customers. Its location in Hampton, Virginia, within Hampton County, provides excellent access to major transportation routes and a thriving community. The versatile floor plans are ideal for a variety of retail businesses seeking a prominent presence in a busy commercial area. The minimum leasable space is 1,619 square feet, providing flexibility for smaller businesses, while the maximum contiguous space of 2,737 square feet caters to larger retailers. This property is an excellent choice for businesses looking to establish or expand their operations in a high-traffic area with strong community engagement. The address is easily accessible and benefits from high visibility, making it an attractive location for a wide range of retail concepts. This is a chance to secure a well-maintained retail space in a desirable location within a vibrant community. Contact us today to learn more about this exceptional opportunity.

    Property Features for 1631 Merchant Ln

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,609 SF

    Building Details

    Year Built
    2009

    Unit(s) available at that property

    Space
    Suite 104
    Size
    2,624 SF
    Space
    Suite 130
    Size
    1,623 SF
    Space
    Suite 106
    Size
    2,737 SF
    Space
    Suite 132
    Size
    1,619 SF
    Space
    Suite 133
    Size
    2,106 SF

    HighLights

    • 5 retail spaces available, 1,619 - 2,737 SF.
    • High‑traffic shopping center in Hampton Roads.
    • Over 340 nearby residential units.
    • Over 14,500 students at nearby Hampton University and Christopher Newport University.
    • High traffic counts: 61,000 VPD on W Mercury Blvd and 23,500 VPD on Coliseum Dr.
    • 112,139 daytime employees within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Hampton
    State
    Virginia
    Longitude
    -76.3937245
    Latitude
    37.0444336

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Hampton retail space available.
    Where is this lifestyle center located?
    The property is located at 1631 Merchant Ln Hampton, VA.
    What are key features of this property?
    This property features: 5 retail spaces available, 1,619 - 2,737 SF.; High-traffic shopping center in Hampton Roads.; Over 340 nearby residential units.
    Request Owner's contact information
    1631 Merchant Ln 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
    1631 Merchant Ln Hampton, VA 23666
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