823 W Pembroke Ave - Showroom FOR SALE


Hampton, VA 23669- Olde Hampton
$1,710,760 USD
757-869-6858
823 W Pembroke Ave, Hampton, VA for Sale
$1,710,760 USD
Showroom - FOR SALE
1/3
null | Request Cap Rate

823 W Pembroke Ave
Hampton, VA 23669
Olde Hampton


HIGHLIGHTS

  • Located within an Opportunity Zone, offering potential tax advantages for qualifying investors.
  • Features multiple loading docks and a functional layout supporting diverse retail operations.
  • Provides approximately 118 feet of frontage along Pembroke Avenue for strong visibility.
  • Includes a pylon sign and is accessible by public transportation routes on the bus line.
  • Less than a half-mile to major interstate connections serving Hampton Roads.
  • Situated on a 0.81-acre site in a well-established commercial corridor with nearby amenities.

OVERVIEW

This freestanding retail property at 823 W Pembroke Avenue in Hampton, Virginia, presents a compelling owner-user or investment acquisition opportunity within the Hampton Roads region. The asset sits on a 0.81-acre parcel with C3 Commercial zoning and is positioned in an established retail corridor. Currently 100% leased, this property offers stable income potential and a favorable price per square foot. The one-story building spans over 19,000 square feet and includes two loading docks for operational flexibility. The location benefits from frontage of approximately 118 feet along Pembroke Avenue, providing visibility and access to nearby arterials leading to the Peninsula's primary transportation networks. With proximity to Downtown Hampton, the building serves a dense consumer base and is easily reachable from Interstate routes that connect the Virginia Beach-Norfolk metro area. Additionally, the property sits within a federally designated Opportunity Zone, allowing investors to benefit from tax-related incentives under the program. Recent assessments value improvements at $634,500 with total assessed value nearing $794,200, reflecting an enduring presence in this submarket. Ample on-site parking and pylon signage enhance both convenience and exposure, supporting a wide range of retail applications. A strong combination of location, usability, and incentive structure reinforces the long-term viability of this property as a retail or mixed-use asset.

FOR SALE DETAILS

PRICE

$1,710,760 USD

PRICE/SF

$95 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Freestanding, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

UTILITIES

-

CLEAR CEILING HT

23 Ft

DOCKS

3

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81

LAND SF

35,284

ZONING

C3

APN/PARCEL ID

2000663

ASK ABOUT THIS PROPERTY

Andy DallasCushman & Wakefield | ThalhimerMore Info
757-869-6858

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Andy DallasCushman & Wakefield | ThalhimerMore Info
757-869-6858

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