5 Manhattan SqHampton, VA 23666

  • Office properties
  • 17,334 SF
For Lease

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
5 Manhattan Sq, Hampton, Virginia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,184
$315,300
$1,007,500
$1,322,800
-
$315,300
$1,007,500
$1,322,800

FAQs

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