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Property profile & analytics
OFF-MARKET Estimated value $750,000
Turn key restaurants

1934 Coliseum Dr Hampton, VA 23666-4235

6,936 SF 0.98 ac lot Built 1968
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US87-3217920
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1968
Construction WOOD
Total area 6,936 SF
Lot 0.98 ac (42,602 SF)
Zoning code 14 C-2 LIMITED COMMERCIAL
APN 07E041B00 00000
UPID US87-3217920
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
Current use
Occupant on record · Public records
  • The Hamptons Seafood Lounge Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$750k
CAP Approach CAP
by Request
Comparable Approach Comparable
$600k
Blend (final) Blend
$750k
Owner & transaction history
Economic Development Authority Of T · 1 yrs held
Economic Development Authority Of T
since 2024
Last sale
$750,000
2 recorded transactions
2024
$750,000
2006
$1.2M
Zoning & alternative use
14 C-2 LIMITED COMMERCIAL · Hampton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $880,000 +10.8%
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