FOR SALE: 19.56± Acres | Redevelopment Opportunity | Income Producing Office, Banking, & Retail

4004 - 4030 West Mercury Boulevard, Hampton, VA

$6,500,000

Price

852,033 sqft

Building Size

19.56 acres

Lot Area

Overview
Building Size
852,033 sqft
Lot Area
19.56 acres
Description

One of the largest commercial parcels available in the city of Hampton. Great redevelopment opportunity in the heart of Hampton Roads with existing rental income, strong tenancy and flexible lease terms. Opportunities for tenant relocations, renewals, and future build to suit. Oversize parcel could facilitate multi-story and pad site development ; Office, medical, multi-family apartments or condos, town house, hospitality, big box, multi-tenant and single tenant retail, and many more C-1 and C-2 uses permitted.

19.56± acres along 4004 - 4030 West Mercury Blvd. in Hampton, VA 23666

Highlights
  • Gross rental income over $300,000 per year, signalized intersection at West Mercury Blvd. and Martha Lee Dr. to accommodate a wide variety of uses
  • 19.56± acres of C1 and C2 zoned property, 1 mile off of Interstate 64, the major artery serving Hampton Roads and other locations throughout the region
  • Potential for multi-family, residential town house units, office, fast food, fueling and c-store, and pharmacy
  • Flexible and existing lease structures provide cash flow during redevelopment or could be left in place long term.
  • VDOT traffic estimates on West Mercury Blvd. | VPD: 49,190
  • Water, sewer and utilities on site
Documents
Location