Property profile

23 S Mallory St Hampton, VA 23663

FOR LEASE
Retail space
Property ID
US87-3913527
3,763 SF 0.09 ac lot Built 1991
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1991
Construction WOOD
Total area 3,763 SF
Lot 0.09 ac (4,029 SF)
Zoning code 46 PH-1 PHOEBUS URBAN COR
APN 12F236 00 00000
UPID US87-3913527

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Physician
  • Grocery & Convenience Store
  • Bank Credit Union
  • Dental Office
  • Dental Office

Location

23 S Mallory St Hampton, VA 23663
Hampton metro Census 11300 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2014
2 recorded transactions
2014
$208,000
2013
$292,000

Zoning & alternative use

46 PH-1 PHOEBUS URBAN COR · Hampton, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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