21 Libby St Hampton, VA 23663
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.