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Property profile & analytics
FOR LEASE
Super regional malls

1631 Merchant Ln Hampton, VA 23666

57,672 SF 1.45 ac lot Built 2009
Entity Owned Free & Clear
Property ID
US87-1100907
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2009
Construction TYPE NOT SPECIFIED
Total area 57,672 SF
Lot 1.45 ac (62,988 SF)
Zoning code 14 C-2 LIMITED COMMERCIAL
APN 07F001 00 000B81A
UPID US87-1100907
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
AI Approach AI
$7.22M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.05M
Owner & transaction history
Salsabil LLC
Salsabil LLC
since 2025
Last sale
$6.8M
3 recorded transactions
2025
$250,000
2025
Price N/A
2022
$6.8M
Zoning & alternative use
14 C-2 LIMITED COMMERCIAL · Hampton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $7.3M +125.7%
Restaurant $6.6M +103.7%
Warehouse, storage $6.1M +86.2%
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More about this property
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