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    17 Mellen St Hampton, VA 23663

    Sponsored
    For Sale
    $450,000

    Prime Hampton location, 4,638 sq ft, $450,000

    Property size:
    4,638 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,638 square foot storefront property, located at 17 East Mellen Street in Hampton, Virginia, presents a unique investment opportunity. Priced at $450,000 ($97.02 per square foot), this charming multi-purpose building boasts a prime location in the heart of Historic Phoebus. Its versatile design accommodates retail, office, or apartment uses, making it ideal for a variety of businesses. The building features a large second-floor patio area offering stunning views of Historic Phoebus. Its convenient location provides excellent access to Interstate 64 (Mallory Street exit), placing it within easy reach of major transportation routes. The surrounding area boasts a vibrant mix of established businesses, including McDonald's, Hardee's, Mango Mango, Panache Bistro, and the Old Point National Bank Corp. Headquarters. Nearby recreational amenities include Phoebus Waterfront Park and Mill Point Park, while the Crowne Plaza, Virginia Air & Space Museum, and numerous restaurants are just minutes away. This property offers a compelling blend of historical charm, modern convenience, and strong surrounding commercial activity, making it an attractive investment in a thriving Hampton community. The property is situated in zip code 23663, close to Fort Monroe and Buckroe Beach.

    Property Features for 17 Mellen St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,638 SF

    HighLights

    • 4,638 SF multi‑use storefront in Hampton, VA, priced at $450,000 ($97.02/SF).
    • Suitable for retail, office, or apartment use.
    • Strong tenant mix nearby including McDonald's, Hardee's, Mango Mango, and Panache Bistro.
    • Old Point National Bank Corp. Headquarters is in close proximity.
    • Near Phoebus Waterfront Park and Mill Point Park, plus the Crowne Plaza and Virginia Air & Space Museum.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Upper Room Music ... Recording Studio

    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
    State
    Virginia
    Longitude
    -76.3215679
    Latitude
    37.0183038

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    FAQs

    What type of property is this?
    Individual retail property - Prime Hampton location, 4,638 sq ft, $450,000
    Where is this individual retail property located?
    The property is located at 17 Mellen St Hampton, VA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 4,638 SF multi-use storefront in Hampton, VA, priced at $450,000 ($97.02/SF).; Suitable for retail, office, or apartment use.; Strong tenant mix nearby including McDonald's, Hardee's, Mango Mango, and Panache Bistro.
    Request Owner's contact information
    17 Mellen 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
    17 Mellen St Hampton, VA 23663
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