7 Queens WayHampton, VA 23669

Property Details for 7 Queens Way

Year built

1900

Construction

WOOD

Property size (Sq ft)

3,466 SF

Zone code

28 DT-1 DOWNTOWN BUSINESS

Property type

Office properties

Property subtype

Other office properties

APN

02J141 00 00000

APU

02J1410000000

Description

Discover a remarkable commercial opportunity in Hampton, Virginia's vibrant downtown. 7 West Queens Way presents 7,658 square feet of fully built-out office space, perfect for immediate occupancy. This exceptional property boasts over 20 private offices and two well-appointed conference rooms, providing ample space for a variety of business needs. The flexible layout allows for customization, and each floor is available for separate lease, catering to diverse professional requirements. Enjoy unparalleled convenience with 8 dedicated on-site parking spaces, supplemented by a nearby free parking garage, just a minute's walk away. Located in the Hampton submarket, this building offers a prestigious address and easy access to the city's amenities. The property is available for lease beginning January 1, 2025, making it an ideal location for businesses seeking a prominent downtown presence. This is a rare opportunity to secure a fully equipped, high-quality office space in a desirable location. The building's traditional office design is complemented by executive office features, making it suitable for a range of professional uses, including medical offices. The single-tenancy structure provides a unique opportunity for a business to establish a strong presence in the heart of Hampton.

• CAP approach

  CAP return

  Valuation

  6%

  $731,905

  6.5%

  $675,605

  7%

  $627,347

• Comparable approach

  Method

  Valuation

  Relative Method

  $444,110

  Geo Method

  $578,857

• Alternative Use

  Use

  Valuation

  Residential

  $837,750

  Hospitality

  $767,374

  Educational

  $638,446

  Medical

  $660,404

  Retail

  $993,139

Location Insight

City

Hampton

County

Hampton City

State

Virginia

Latitude

37.026

Longitude

-76.344

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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