1934 Coliseum Dr Hampton, VA 23666-4235
- Turn key restaurants
- 6,936 SF
- 0.98 lot acres
Current Use by Public Records
- The Hamptons Seafood Lounge / Seafood Restaurant
Property Details for 1934 Coliseum Dr
- Year built
- 1968
- Construction
- WOOD
- Lot size
- 0.98 lot acres
- Property size
- 6,936 SF
- 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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $720,000
- 6.5%
- $750,000
- 7%
- $765,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $745,000
- Geo Method
- $815,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $815,000
- Retail
- $800,000
- Mixed-Use
- $785,000
- Hospitality
- $740,000
- Educational
- $745,000
- Residential Income
- $765,000
- Energy
- $705,000
- Income-Based Land
- $680,000
- Food Service
- $830,000
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
