5 Manhattan SqHampton, VA 23666
- Office properties
- 17,334 SF
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
- Property subtype
- Other 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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