1. Virginia
  2. Hampton
  3. 227 E Mercury BLVD
$2,400,000

227 E Mercury BLVD, Hampton, VA 23669

  • 21,631 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1973
  • Property Lot Size Icon1.93acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $111/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

This 21,631 SF property on 1.93 acres (including adjoining parcel parking lot) sits on one of Hampton’s busiest commercial corridor with excellent visibility and access. Currently leased as a newly renovated event space at $10/SF annually, grossing$216,000/year ($180,000/year actual after discount); under a 2-year NNN lease starting April 2025. There is an option for seller to buy out the lease at closing, giving the buyer immediate flexibility to occupy and operate their own business or retain the tenant for steady income. Features two new AC units, ample parking, and strong surrounding demographics. Ideal for investors seeking strong returns or an owner-operator looking for a move-in-ready facility in a prime location.

Listing Status:
Active
Listing Office:
Bell-Key Properties Inc. : 757-877-1400
Listing Agent:
Stephen Simmons :
MLS ID:
10602841
  • Flooring: CarpetTile
  • A/C: Central Air
  • Heating: Electric

This listing courtesy of Stephen Simmons, Bell-Key Properties Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Captain John Smith Elementary School

379 Woodland Rd, Hampton, VA, 23669

Grades PK-5

0.72 miles away

F

Francis W. Jones Magnet Middle School

1819 Nickerson Blvd, Hampton, VA, 23663

Grades 6-8

1.20 miles away

P

Phoebus High School

100 Ireland St, Hampton, VA, 23663

Grades 9-12

0.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.