23 Mallory StHampton, VA 23663

Property Details for 23 Mallory St

Year built

1991

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

3,763 SF

Zone code

46 PH-1 PHOEBUS URBAN COR

Property type

Retail properties

Property subtype

Retail space

APN

12F236 00 00000

APU

12F2360000000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,168,094

  6.5%

  $1,078,240

  7%

  $1,001,223

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,215,057

  Geo Method

  $1,583,716

• Alternative Use

  Use

  Valuation

  Residential

  $909,536

  Hospitality

  $833,130

  Educational

  $693,155

  Medical

  $716,993

  Retail

  $1,078,240

Location Insight

City

Hampton

County

Hampton City

State

Virginia

Latitude

37.0187

Longitude

-76.3217

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].