1934 Coliseum DrHampton, VA 23666

Property Details for 1934 Coliseum Dr

Year built

1968

Construction

WOOD

Lot size

0.98 AC

Property size (Sq ft)

6,936 SF

Zone code

14 C-2 LIMITED COMMERCIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

07E041B00 00000

APU

07E041B0000000

Description

This exceptional 6,936 square foot retail property, situated on a one-acre lot at 1934 Coliseum Drive in Hampton, Virginia (zip code 23666), presents a compelling investment opportunity. Priced at $995,000 ($143.45 per square foot), this commercial space boasts an impressive 65 parking spaces (a ratio of 9.4 per 1,000 square feet), ensuring ample customer convenience. The property benefits from a highly visible location with 212 feet of frontage on Coliseum Drive, offering excellent exposure to the substantial traffic volume of over 61,000 vehicles per day on I-64 and over 43,000 vehicles per day on Coliseum Drive and Mercury Boulevard. Its strategic position in the Coliseum Central submarket places it in close proximity to the Hampton Coliseum and Convention Center, further enhancing its appeal. An exclusive pylon sign is also available, providing additional marketing opportunities. This property offers significant redevelopment potential for discerning investors seeking a prime retail location with exceptional visibility and accessibility. Direct access to and from I-64 ensures easy access for customers and employees alike. The property's location across from Peninsula Town Center further solidifies its position within a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,153,042

  6.5%

  $1,987,424

  7%

  $1,845,465

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,239,606

  Geo Method

  $2,919,121

• Alternative Use

  Use

  Valuation

  Residential

  $1,676,466

  Hospitality

  $1,535,634

  Educational

  $1,277,630

  Medical

  $1,321,569

  Retail

  $1,987,424

Location Insight

City

Hampton

County

Hampton City

State

Virginia

Latitude

37.0408

Longitude

-76.3874

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].