4800 Mercury BlvdHampton, VA 23666

Property Details for 4800 Mercury Blvd

Year built

1987

Construction

TYPE NOT SPECIFIED

Lot size

1.43 AC

Property size (Sq ft)

3,599 SF

Zone code

14 C-2 LIMITED COMMERCIAL

Property type

Car washes

APN

03F012A00 00000PCA

APU

03F012A0000000PCA

Description

This 1.43-acre commercial land parcel presents a unique investment opportunity in Hampton, Virginia. Located at 4800 West Mercury Boulevard, the property boasts exceptional visibility due to its prime location on a main thoroughfare with approximately 235 feet of frontage. The site enjoys high traffic counts, with West Mercury Boulevard seeing 45,941 vehicles per day. Access is provided from both West Mercury Boulevard and Kinsmen Way, offering convenient ingress and egress. The property's C-2 zoning permits a wide range of commercial uses, including retail and office spaces, making it suitable for various development projects. Its proximity to the revitalized Newmarket trade area near the Newport News border and its location approximately two miles from Interstate 64 further enhance its appeal and accessibility. This strategically located parcel offers significant potential for investors seeking a high-visibility site in a thriving commercial area. The property's size and zoning flexibility provide ample opportunity for a variety of commercial ventures. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,065,616

  6.5%

  $983,646

  7%

  $913,385

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,107,149

  Geo Method

  $1,514,694

• Alternative Use

  Use

  Valuation

  Residential

  $829,742

  Hospitality

  $760,039

  Educational

  $632,344

  Medical

  $654,091

  Retail

  $983,646

Location Insight

City

Hampton

County

Hampton City

State

Virginia

Latitude

37.0262

Longitude

-76.4322

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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