1210 Merchant LnHampton, VA 23666

Property Details for 1210 Merchant Ln

Year built

2008

Construction

TYPE NOT SPECIFIED

Lot size

0.48 AC

Property size (Sq ft)

8,512 SF

Zone code

14 C-2 LIMITED COMMERCIAL

Property type

Super regional malls

APN

07F001 00 000B5

APU

07F00100000B5

Description

This exceptional retail space, located at 1210-1260 Merchant Lane in Hampton, Virginia, presents a unique leasing opportunity. The property is situated in Hampton County, zip code 23666, and offers a total building size of 11,912 square feet. Currently available is a single-tenant space of 1,297 square feet, previously occupied as a hair salon. This provides a ready-to-occupy space with existing infrastructure, ideal for a variety of retail businesses. The property's location in Hampton offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a thriving community. The address is 1210-1260 Merchant Lane, Hampton, VA 23666. The property's geographic coordinates are latitude 37.0451085 and longitude -76.3925538. This single-tenant space is available for lease and presents a compelling opportunity for businesses seeking a well-located and established retail space in Hampton, Virginia. The property type is retail, and the former use was a hair salon. Serious inquiries are encouraged to explore this promising retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,066,840

  6.5%

  $1,907,850

  7%

  $1,771,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,134,300

  Geo Method

  $1,478,450

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,731,850

  Mixed-Use / Specialty

  $1,896,460

  Hospitality / Lodging

  $1,385,400

  Office

  $1,880,410

  Institutional / Educational

  $1,969,910

  Residential Income

  $2,304,800

  Multifamily

  $2,789,700

  Automotive / Energy

  $1,688,500

  Parking / Income-Based Land

  $587,215

  Restaurant / Food Service

  $976,568

  Healthcare / Senior Housing

  $1,949,490

Location Insight

City

Hampton

County

Hampton City

State

Virginia

Latitude

37.0452

Longitude

-76.3921

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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