60 Towne Ctr Way Hampton, VA 23666
- Retail properties
- 5,039 SF
- 0.91 lot acres
Current Use by Public Records
- Retail properties
Property Details for 60 Towne Ctr Way
- Year built
- 1998
- Lot size
- 0.91 lot acres
- Property size
- 5,039 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This 5,039 square foot, single-story restaurant building, built in 1998, is situated on a 0.91-acre lot in Hampton, Virginia, and offers a turnkey opportunity for a new owner. The property boasts a prime location with excellent visibility and accessibility, featuring 220 feet of frontage on Hampton Roads Center Parkway and 175 feet on Towne Centre Way. The site benefits from high traffic counts, averaging 42,773 vehicles per day, and is conveniently located less than 1,200 feet from an I-64 ramp. Ample parking is available with 50 spaces on-site, and the property is zoned C-1, allowing for various commercial uses. The interior features a fully equipped kitchen, including a 25-foot exhaust hood, a large walk-in refrigerator, a large dishwasher, and multiple reach-in refrigerators. The building previously operated as a Ruby Tuesdays and has a seating capacity of 188. The asking price is $1,495,000, representing a price per square foot of $296.69. This fee-simple property presents a compelling investment opportunity for owner-users seeking a well-established restaurant space in a high-traffic area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hampton
- County
- Hampton
- State
- Virginia
- Longitude
- -76.4267
- Latitude
- 37.0605
