This Property is no longer advertised on Showcase.com.
Off Market
1/11

1613 Merchant Ln
Hampton, VA 23666


HIGHLIGHTS

  • Strong Commercial Corridor | Major National/Credit Tenants
  • Hampton Roads Market | Largest Concentration of Military Bases and Facilities of Any Metropolitan Area in the World
  • Langley Air Base | 5 Miles North of Subject Property
  • Close Proximity to Hampton Coliseum and Convention Center
  • Fee Simple Ownership | Low Management Responsibilities
  • Fee Simple Ownership | Low Management Responsibilities

OVERVIEW

The site is well-located at the intersection of Interstate 64 and Mercury Boulevard, the primary east/west thoroughfare through the Hampton Roads market. It is located within close proximity to the Langley Air Base and NASA Langley Research Center, which employs over 16,000 professionals and are central locations within the defense-driven Hampton economy. In addition, the site is well-located within close proximity to the Hampton Coliseum, Hampton Roads Convention Center, and Boo Williams Sportplex youth sports complex, with a combined 1,000,000+ annual visitors. The Shops at Peninsula Town Center draws from a broad 5-mile trade area featuring a population over 200,000 residents, more than 124,000 employees and an average household income exceeding $67,000. Peninsula Town Center sits in the heart of the trade area and has seen over 6.6 million visits in the last 12 months, demonstrating a high volume of traffic to the center.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Shops @ Peninsula Town Center(E) | Fee Simple

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

48609

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

07F00100000B81A