4 North Mallory St Hampton, VA 23663
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
46 PH-1 PHOEBUS URBAN COR · Hampton, VAHampton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.