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    1934 Coliseum Dr Hampton, VA 23666-4235
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    Property profile & analytics

    1934 Coliseum Dr, Hampton, VA 23666-4235

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    • Turn key restaurants
    • 6,936 SF
    • 0.98 lot acres
    Off-Market
    Last Sale Oct 3, 2024
    $750,000
    Property ID
    US87-3217920
    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
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Hamptons Seafood Lounge / Restaurant

    Property Details for 1934 Coliseum Dr

    Year built
    1968
    Construction
    WOOD
    Lot size
    0.98 lot acres
    Zone code
    14 C-2 LIMITED COMMERCIAL
    Property type
    Turn key restaurants
    APN
    07E041B00 00000
    APU
    07E041B0000000

    Description

    This exceptional 6,936 square foot retail property, situated on a one-acre lot at 1934 Coliseum Drive in Hampton, Virginia (zip code 23666), presents a compelling investment opportunity. Priced at $995,000 ($143.45 per square foot), this commercial space boasts an impressive 65 parking spaces (a ratio of 9.4 per 1,000 square feet), ensuring ample customer convenience. The property benefits from a highly visible location with 212 feet of frontage on Coliseum Drive, offering excellent exposure to the substantial traffic volume of over 61,000 vehicles per day on I-64 and over 43,000 vehicles per day on Coliseum Drive and Mercury Boulevard. Its strategic position in the Coliseum Central submarket places it in close proximity to the Hampton Coliseum and Convention Center, further enhancing its appeal. An exclusive pylon sign is also available, providing additional marketing opportunities. This property offers significant redevelopment potential for discerning investors seeking a prime retail location with exceptional visibility and accessibility. Direct access to and from I-64 ensures easy access for customers and employees alike. The property's location across from Peninsula Town Center further solidifies its position within a thriving commercial area.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $750,000
      ML approach
      $750,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $600,000
      Market price range: $600k - $1.02M
    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $795,000
      Current use
      MEDICAL BUILDING
      $880,000
      Change: +11% Conversion: Difficult
      WAREHOUSE, STORAGE
      $725,000
      Change: -9% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $675,000
      Change: -15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $655,000
      Change: -18% Conversion: Easy

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


    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Hampton City
    State
    Virginia
    Longitude
    -76.3874
    Latitude
    37.0408
    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
    $14,856
    $511,200
    $398,100
    $909,300
    -
    $511,200
    $398,100
    $909,300
    More about this property
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