9 Queens WayHampton, VA 23669

Property Details for 9 Queens Way

Year built

1900

Construction

WOOD

Lot size

0.00 AC

Property size (Sq ft)

3,177 SF

Zone code

28 DT-1 DOWNTOWN BUSINESS

Property type

Retail properties

Property subtype

Turn key restaurants

APN

02J142 00 00000C62A

APU

02J1420000000C62A

Description

This exceptional investment opportunity presents four contiguous retail spaces totaling approximately 100% occupancy, situated in the vibrant heart of Downtown Hampton, Virginia. All four spaces are for sale together, and currently house successful, established restaurant tenants. The properties are located at 9, 11, and 13 East Queens Way East, Hampton, VA 23669, offering a combined total square footage (to be determined by buyer's due diligence). This mixed-use property benefits from its prime location within a designated Opportunity Zone, potentially unlocking significant tax advantages for investors. Furthermore, the location is eligible for facility improvement grants, presenting additional opportunities for enhancing the property's value and appeal. The asking price for the entire portfolio is $2,400,000. Financial details and lease agreements are available upon request. This is a rare chance to acquire a well-established, high-performing restaurant portfolio in a thriving downtown area. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $986,190

  6.5%

  $910,330

  7%

  $845,306

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,025,840

  Geo Method

  $1,337,089

• Alternative Use

  Use

  Valuation

  Residential

  $767,897

  Hospitality

  $703,390

  Educational

  $585,212

  Medical

  $605,338

  Retail

  $910,330

Location Insight

City

Hampton

County

Hampton City

State

Virginia

Latitude

37.026

Longitude

-76.3439

CBSA code

47260

CBSA name

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

Property Tax & Assessments

FAQs

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