5 Manhattan SqHampton, VA 23666

Property Details for 5 Manhattan Sq

Year built

2000

Construction

WOOD

Lot size

1.65 AC

Property size (Sq ft)

17,334 SF

Zone code

14 C-2 LIMITED COMMERCIAL

Property type

Office properties

APN

07R028 01 00000PCC1

APU

07R0280100000PCC1

Description

This exceptional 17,068 square-foot single-story office building in Hampton, Virginia, presents a unique opportunity. Located at 5 Manhattan Square, this Class B property, built in 1999, offers multiple suites for lease. The building features a striking brick and glass exterior and boasts convenient access to Interstate 64 and Hampton Roads Center Parkway. Tenants will appreciate the building's proximity to major employers like NASA and Langley AFB, as well as the numerous amenities in the area, including hotels, restaurants, and shopping centers. The property includes 5 parking spaces per 1000 square feet. Two suites are available, with a minimum divisible space of 8,020 square feet and a maximum contiguous space of 9,048 square feet. The building's single story design features 8'6" ceilings. This is an ideal location for businesses seeking a modern, well-situated office space in Hampton, with easy access to major transportation routes and a wealth of nearby conveniences. The entire building of 17,068 square feet is currently vacant and ready for immediate occupancy. The property is situated in Hampton city, Virginia, zip code 23666. Newport News/Williamsburg International Airport is also within easy reach.

• CAP approach

  CAP return

  Valuation

  6%

  $3,660,370

  6.5%

  $3,378,803

  7%

  $3,137,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,221,062

  Geo Method

  $2,894,951

• Alternative Use

  Use

  Valuation

  Residential

  $4,189,716

  Hospitality

  $3,837,757

  Educational

  $3,192,969

  Medical

  $3,302,780

  Retail

  $4,966,840

Location Insight

City

Hampton

County

Hampton City

State

Virginia

Latitude

37.0646

Longitude

-76.3991

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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