Property profile

17 Mellen St Hampton, VA 23663

OFF-MARKET
Retail space
Property ID
US87-3914784
4,638 SF Built 1892
Individually Owned 21-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 4,638 square foot storefront property, located at 17 East Mellen Street in Hampton, Virginia, presents a unique investment opportunity. Priced at $450,000 ($97.02 per square foot), this charming multi-purpose building boasts a prime location in the heart of Historic Phoebus. Its versatile design accommodates retail, office, or apartment uses, making it ideal for a variety of businesses. The building features a large second-floor patio area offering stunning views of Historic Phoebus. Its convenient location provides excellent access to Interstate 64 (Mallory Street exit), placing it within easy reach of major transportation routes. The surrounding area boasts a vibrant mix of established businesses, including McDonald's, Hardee's, Mango Mango, Panache Bistro, and the Old Point National Bank Corp. Headquarters. Nearby recreational amenities include Phoebus Waterfront Park and Mill Point Park, while the Crowne Plaza, Virginia Air & Space Museum, and numerous restaurants are just minutes away. This property offers a compelling blend of historical charm, modern convenience, and strong surrounding commercial activity, making it an attractive investment in a thriving Hampton community. The property is situated in zip code 23663, close to Fort Monroe and Buckroe Beach.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1892
Construction WOOD
Total area 4,638 SF
Zoning code 46 PH-1 PHOEBUS URBAN COR
APN 12F244 00 00000
UPID US87-3914784

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Recording Studio

Location

17 Mellen St Hampton, VA 23663-1709
Hampton metro Census 11300 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2005
1 recorded transaction
2005
$88,850

Zoning & alternative use

46 PH-1 PHOEBUS URBAN COR · Hampton, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 17 Mellen St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message