23 Mallory St Hampton, VA 23663-1707
- Retail space
- 3,763 SF
- 0.09 lot acres
Current Use by Public Records
- Mango Medical DPC / Family Practice Physician
- H&K Market / Convenience Store
- Vigo / Money Order Service / Money Transfer Service
- Dr. Adam Wyatt / Dentist
- Dr. Cathy Rearden / Dentist
Property Details for 23 Mallory St
- Year built
- 1991
- Construction
- WOOD
- Lot size
- 0.09 lot acres
- Property size
- 3,763 SF
- Zone code
- 46 PH-1 PHOEBUS URBAN COR
- Property type
- Retail space
- APN
- 12F236 00 00000
- APU
- 12F2360000000
Description
This exceptional two-story commercial building, located at 23 South Mallory Street in the vibrant Historic Downtown Phoebus district of Hampton, Virginia, presents a unique retail opportunity. The property boasts a total of 3,446 square feet, divided into two suites. Currently, 1,147 square feet are vacant and available for lease. Individual suite sizes range from a minimum of 487 square feet to a maximum contiguous space of 660 square feet, offering flexibility for various retail businesses. The building's second floor is already developed as a general office space, complete with its own private entrance, presenting an additional income stream potential or the possibility of expanding your retail operation vertically. This prime location in Norfolk County offers excellent access to Interstate 64, ensuring high visibility and convenient access for customers and employees. The property is situated in the 23663 zip code. This is an ideal opportunity to establish or expand your business in a thriving historic district with strong foot traffic and easy highway access. The building's historic charm combined with its modern conveniences makes it a truly unique investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $305,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $340,000
- Retail
- $360,000
- Mixed-Use
- $295,000
- Hospitality
- $305,000
- Educational
- $315,000
- Residential Income
- $300,000
- Energy
- $285,000
- Income-Based Land
- $340,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Hampton
- County
- Hampton City
- State
- Virginia
- Longitude
- -76.3217
- Latitude
- 37.0187
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
