227 E Mercury Blvd - Retail FOR SALE


Hampton, VA 23669
$2,400,000 USD
757-826-0100
227 E Mercury Blvd, Hampton, VA for Sale
$2,400,000 USD
Retail - FOR SALE
1/38
null | 7.25% Cap Rate

227 E Mercury Blvd
Hampton, VA 23669


HIGHLIGHTS

  • Investors seeking strong returns and stable cash flow, owner-operators looking for a move-in-ready facility in a high-visibility location
  • Located on high-traffic Mercury Boulevard, the site features two new AC units and ample parking.
  • The seller offers a lease buyout at closing, allowing immediate occupancy or continued rental income.
  • The lease generates $216,000 annually, with $180,000 actual net income after discount.
  • It is leased as a newly renovated event space with a two-year NNN lease starting April 2025.
  • The property spans 21,631 square feet on 1.93 acres, including an adjoining parking parcel.

OVERVIEW

This 21,631 SF turnkey facility sits on 1.93 acres, including an adjoining parcel used for parking. Located on one of Hampton’s busiest commercial corridors, the property offers excellent visibility, high traffic counts, and easy access—making it ideal for both investors and owner-operators. Currently leased as a newly renovated event space under a 2-year NNN lease starting April 2025, the property generates $216,000 in gross annual income ($180,000 actual after discount). The lease includes a seller buyout option at closing, giving buyers immediate flexibility to occupy or continue leasing for passive income.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$111 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Restaurant, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

15 C-3 GEN

APN/PARCEL ID

12003538,12003539

ASK ABOUT THIS PROPERTY

Victor RossBell-Key Properties Inc.More Info
757-826-0100

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Victor RossBell-Key Properties Inc.More Info
757-826-0100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.