30 S Mallory St - Office FOR SALE


Hampton, VA 23663
$850,000 USD
757-640-9290
30 S Mallory St, Hampton, VA for Sale
$850,000 USD
Office - FOR SALE
1/22
null | Request Cap Rate

NEW


30 S Mallory St
Hampton, VA 23663


HIGHLIGHTS

  • Located in the Phoebus Business Improvement District with strong surrounding amenities.
  • Two-story building originally constructed as the Bank of Phoebus in 1953.
  • PH-1 Mixed Use zoning supports retail, office, and residential redevelopment.
  • Signalized intersection with 8,658 vehicles per day on S Mallory Street.
  • Nine dedicated parking spaces plus 138 shared public spaces.
  • Eligible for Historic Tax Credit incentives for redevelopment.

OVERVIEW

This two-story, 8,500-square-foot property at 30 S Mallory Street offers a unique opportunity for investors and developers seeking a mixed-use asset in Hampton’s vibrant Phoebus Business Improvement District. Built in 1953 as the historic Bank of Phoebus, the building retains its original character while providing modern Class A office features. The property sits on 0.29 acres across two parcels and benefits from PH-1 Mixed Use zoning, allowing for a variety of redevelopment options including retail, office, and residential uses. Positioned at the signalized intersection of Mallory Street and Mellon Street, the site offers excellent visibility and accessibility, with frontage of 61 feet on S Mallory Street and 196 feet on W Mellen Street. The property includes nine dedicated parking spaces and access to 138 shared public spaces, supporting both tenant and customer convenience. Located within walking distance of numerous restaurants and retail amenities, the property is well-suited for adaptive reuse projects leveraging Historic Tax Credits. With an assessed value of $807,500 and offered at $850,000, this asset presents a compelling opportunity for long-term value creation in a growing urban district.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

former Bank Office

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

PH-1

APN/PARCEL ID

12001513,12001518

ASK ABOUT THIS PROPERTY

Clark BaldwinHarvey Lindsay Commercial Real EstateMore Info
757-640-9290

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

Clark BaldwinHarvey Lindsay Commercial Real EstateMore Info
757-640-9290

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