1283 N King St Hampton, VA 23669
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
13 C-1 NEIGHBORHOOD COMME · Hampton, VAHampton. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.