2200 Executive DrHampton, VA 23666

Property Details for 2200 Executive Dr

Year built

1982

Construction

WOOD

Property size (Sq ft)

2,004 SF

Zone code

14 C-2 LIMITED COMMERCIAL

Property type

Medical offices

Property subtype

Medical centers

APN

07G003B00 000001A

APU

07G003B00000001A

Description

This exceptional commercial property at 2200 Executive Drive, Hampton, VA, presents a unique investment opportunity. The 3,000 square foot office space is situated on a 0.05-acre lot and is currently configured as a thriving medical practice, boasting a substantial patient base cultivated over 25 years. The building itself is available for separate purchase at $250,000, offering flexibility for potential buyers. The office space features a spacious reception area, perfect for welcoming clients and patients, along with three bathrooms and a fully equipped kitchen, ensuring convenience and comfort. The layout includes eight or more individual rooms, providing ample space for various office functions, management, and potential expansion. The high traffic location in Hampton, VA, ensures excellent visibility and accessibility. This property is ideal for a variety of businesses seeking a well-established, spacious, and conveniently located office environment. The existing medical practice infrastructure offers a seamless transition for similar businesses, while the adaptable layout allows for diverse uses. This is a rare opportunity to acquire a turnkey office space with significant potential for growth and return on investment. The separate purchase option for the building provides additional flexibility and control for the discerning investor. Don't miss this chance to secure a prime commercial property in a desirable Hampton location.

• CAP approach

  CAP return

  Valuation

  6%

  $423,179

  6.5%

  $390,627

  7%

  $362,725

• Comparable approach

  Method

  Valuation

  Relative Method

  $256,779

  Geo Method

  $334,688

• Alternative Use

  Use

  Valuation

  Residential Income

  $484,377

  Hospitality / Lodging

  $443,687

  Institutional / Educational

  $369,142

  Healthcare / Senior Housing

  $381,837

  Retail / Commercial

  $574,221

Location Insight

City

Hampton

County

Hampton City

State

Virginia

Latitude

37.0502

Longitude

-76.3976

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].