1631 Merchant Ln Hampton, VA 23666
The Shops at Peninsula Town Center, located at 1631 Merchant Ln, Hampton, VA 23666, presents a compelling retail investment opportunity. This 48,609 square foot shopping center, built in 2009, offers multiple spaces for lease, ranging from 1,619 to 2,737 contiguous square feet. Currently, 10,709 square feet of space is available. The property features modern finishes and ample parking, ensuring high visibility and convenient access for customers. Its location in Hampton, Virginia, within Hampton County, provides excellent access to major transportation routes and a thriving community. The versatile floor plans are ideal for a variety of retail businesses seeking a prominent presence in a busy commercial area. The minimum leasable space is 1,619 square feet, providing flexibility for smaller businesses, while the maximum contiguous space of 2,737 square feet caters to larger retailers. This property is an excellent choice for businesses looking to establish or expand their operations in a high-traffic area with strong community engagement. The address is easily accessible and benefits from high visibility, making it an attractive location for a wide range of retail concepts. This is a chance to secure a well-maintained retail space in a desirable location within a vibrant community. Contact us today to learn more about this exceptional opportunity.
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
14 C-2 LIMITED COMMERCIAL · Hampton, VAHampton. Always verify with local authorities before improvements.
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.