2200 Executive Dr Hampton, VA 23666
- Medical offices
- 2,004 SF
Current Use by Public Records
- TAI KIM LAC / Acupuncturist
- David Kim Acupuncture / Pain Control Clinic
- Martha Overmeyer / Optometrist
- Dr. Vickie C. Motley, MD / Pediatrician
- ABC Pediatrics / Pediatrician
Property Details for 2200 Executive Dr
- Year built
- 1982
- Construction
- WOOD
- Property size
- 2,004 SF
- Zone code
- 14 C-2 LIMITED COMMERCIAL
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 07G003B00 000001A
- APU
- 07G003B00000001A
Description
This exceptional commercial property at 2200 Executive Drive, Hampton, VA, presents a unique investment opportunity. The 3,000 square foot office space is situated on a 0.05-acre lot and is currently configured as a thriving medical practice, boasting a substantial patient base cultivated over 25 years. The building itself is available for separate purchase at $250,000, offering flexibility for potential buyers. The office space features a spacious reception area, perfect for welcoming clients and patients, along with three bathrooms and a fully equipped kitchen, ensuring convenience and comfort. The layout includes eight or more individual rooms, providing ample space for various office functions, management, and potential expansion. The high traffic location in Hampton, VA, ensures excellent visibility and accessibility. This property is ideal for a variety of businesses seeking a well-established, spacious, and conveniently located office environment. The existing medical practice infrastructure offers a seamless transition for similar businesses, while the adaptable layout allows for diverse uses. This is a rare opportunity to acquire a turnkey office space with significant potential for growth and return on investment. The separate purchase option for the building provides additional flexibility and control for the discerning investor. Don't miss this chance to secure a prime commercial property in a desirable Hampton location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $245,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $215,000
- Geo Method
- $255,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $295,000
- Mixed-Use
- $250,000
- Hospitality
- $265,000
- Educational
- $225,000
- Residential Income
- $275,000
- Energy
- $255,000
- Income-Based Land
- $260,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Hampton
- County
- Hampton City
- State
- Virginia
- Longitude
- -76.3976
- Latitude
- 37.0502
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA