4813 Mercury BlvdHampton, VA 23666

Property Details for 4813 Mercury Blvd

Year built

2000

Construction

TYPE NOT SPECIFIED

Lot size

0.90 AC

Property size (Sq ft)

11,217 SF

Zone code

14 C-2 LIMITED COMMERCIAL

Property type

Retail properties

Property subtype

Drug stores

APN

03H006 00 00000D

APU

03H0060000000D

Description

This exceptional 11,217-square-foot retail property, formerly a Rite-Aid, is situated on a prominent 1.8-acre lot in Hampton, Virginia. The single-story building, constructed in 2000, boasts a desirable C-2 zoning, allowing for a wide range of retail and recreational uses. Its prime location on a signalized corner offers high visibility and accessibility, benefiting from an average daily traffic count of 45,000 vehicles. The property features a convenient double drive-thru and ample parking with 80 spaces. Its proximity to the Newmarket Fair Redevelopment project, including notable retailers like Chick-fil-A, Wawa, and Valvoline, further enhances its appeal and potential. The entire 11,217 square feet is currently vacant, presenting a unique opportunity for a single tenant to establish a significant presence in a thriving commercial area. The all-brick building is well-maintained and ready for immediate occupancy. This property offers a compelling investment opportunity for businesses seeking a high-traffic location with excellent visibility and ample parking in a rapidly developing area of Hampton, VA. The property's address is 4813 W Mercury Blvd, Hampton, VA 23666.

• CAP approach

  CAP return

  Valuation

  6%

  $3,320,490

  6.5%

  $3,065,067

  7%

  $2,846,134

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,449,890

  Geo Method

  $4,720,845

• Alternative Use

  Use

  Valuation

  Residential

  $2,585,499

  Hospitality

  $2,368,303

  Educational

  $1,970,400

  Medical

  $2,038,166

  Retail

  $3,065,067

Location Insight

City

Hampton

County

Hampton City

State

Virginia

Latitude

37.0246

Longitude

-76.4325

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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