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    1631 Merchant Ln Hampton, VA 23666
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    Property profile & analytics

    1631 Merchant Ln, Hampton, VA 23666

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    • Super regional malls
    • 57,672 SF
    • 1.45 lot acres
    Retail Space in Peninsula Town For Lease
    $30 SF/Yr

    Retail Space in Peninsula Town

    Retail leasing opportunity in a vibrant Hampton location.

    1631 Merchant Ln, Hampton, VA 23666
    View Listing
    Property ID
    US87-1100907
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $7,050,000
    Cap Rate Potential
    9.9%
    Super regional malls
    Location Intelligence

    Current Use by Public Records

    • Super regional malls

    Property Details for 1631 Merchant Ln

    Year built
    2009
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.45 lot acres
    Zone code
    14 C-2 LIMITED COMMERCIAL
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    07F001 00 000B81A
    APU
    07F00100000B81A

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $7,370,000
      ML approach
      $7,220,000
    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $7,330,000
      RESTAURANT
      $6,615,000
      WAREHOUSE, STORAGE
      $6,050,000
      AUTO REPAIR, GARAGE
      $5,620,000
      COMMERCIAL (GENERAL)
      $5,450,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Hampton City
    State
    Virginia
    Longitude
    -76.3933
    Latitude
    37.0445
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $134,153
    $755,800
    $7,882,400
    $8,638,200
    -
    $755,800
    $7,882,400
    $8,638,200
    View Listing
    More about this property
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