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Property profile & analytics
FOR SALE
Office Spaces

1283 N King St Hampton, VA 23669

4,288 SF 0.32 ac lot Built 1949
Entity Owned 23-yr Hold Absentee Owner Free & Clear
Property ID
US87-0282405
Property summary
AI-generated overview

This exceptional commercial property, located at 1283 N King Street in Hampton, Virginia, presents a rare opportunity for savvy investors. The building boasts a highly desirable location, situated on a 0.32-acre lot directly on King Street, providing excellent visibility and accessibility. Its strategic position offers convenient access to Langley Air Force Base, a significant advantage for businesses serving the military and government sectors. The property features approximately 4,400 square feet of well-maintained office space, perfectly suited for a variety of business needs. In addition to the office space, the property includes approximately 1,100 square feet of garage/workshop space, providing ample storage or workspace for equipment and supplies. The building is currently fully leased, generating immediate income for the new owner. This turnkey operation eliminates the need for extensive renovations or tenant acquisition, making it an attractive investment for those seeking a hassle-free entry into commercial real estate. The building's rear extends towards Little Back River Road, offering additional potential for future development or expansion. The current owner is retiring and motivated to sell this exceptional property, presenting a unique chance to acquire a profitable and well-located commercial building in a thriving area. The asking price is $325,000.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1949
Construction TYPE NOT SPECIFIED
Total area 4,288 SF
Lot 0.32 ac (13,978 SF)
Zoning code 13 C-1 NEIGHBORHOOD COMME
APN 08V039 00 A 0290
UPID US87-0282405
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
CRP LLC
CRP LLC
Zoning & alternative use
13 C-1 NEIGHBORHOOD COMME · Hampton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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