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Property profile & analytics
FOR SALE
Commercial land

4 North Mallory St Hampton, VA 23663

0.75 ac lot
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US87-0084611
Property summary
AI-generated overview

This exceptional .75-acre commercial land parcel, situated at the signalized intersection of N. Mallory Street and W. County Street in Hampton, Virginia, presents a unique investment opportunity. Zoned PH-1, this unimproved lot offers approximately 175' x 195' of buildable space and is ideally suited for retail or multi-family development. Its prime location in the vibrant Phoebus section of Hampton places it within easy reach of I-64 via a nearby on/off ramp, ensuring excellent accessibility. The property benefits from its proximity to Hampton University, downtown Hampton, and Fort Monroe, adding to its appeal. Furthermore, its location within an Urban Enterprise Zone provides potential economic advantages. The surrounding area boasts a thriving culinary scene, with popular establishments such as The Baker's Wife Bistro & Bar, 1865 Brewing Co., Mango Mangeaux, Phoebus Dive Bar, and El Diablo Loco Cantina & Tequila Bar nearby. The area is also experiencing growth, with the recent completion of the Monroe Gates Apartments and additional apartment projects planned in the vicinity. This property offers a compelling combination of location, zoning, and development potential, making it an attractive investment for discerning buyers. The asking price is $625,000. The zip code is 23663.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.75 ac (32,836 SF)
Zoning code 46 PH-1 PHOEBUS URBAN COR
APN 12G106 00 00001
UPID US87-0084611
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
The Phoenix Three LLC · 4 yrs held
The Phoenix Three LLC
since 2021
Last sale
$450,000
3 recorded transactions
2021
$450,000
2013
$99,000
2006
$320,000
Zoning & alternative use
46 PH-1 PHOEBUS URBAN COR · Hampton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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