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$ 600,000
Est. payment | /mo
6,048 SqFt
$ 600,000
Est. payment | /mo
6,048 SqFt
Key Details
Property Type Commercial
Sub Type Purchase
Listing Status Active
Purchase Type For Sale
Square Footage 6,048 sqft
Price per Sqft $99
Subdivision All Others Area 102
MLS Listing ID 10662010
HOA Y/N No
Year Built 1984
Annual Tax Amount $4,239
Lot Size 10,149 Sqft
Property Sub-Type Purchase
Property Description
Rare turnkey investment opportunity in the heart of Downtown Hampton! This 2-story, 6,048 SF professional office building at 50 W Queens Way features an elevator, shared conference room, break area, and coveted private rear parking—a rare downtown amenity. Currently 87.5% occupied with 7 of 8 office suites leased, generating over $5,000/month in gross rental income with immediate upside upon leasing the final unit. Full-service lease structure with owner covering water, sewer, electric, gas, and maintenance, offering clear expense visibility and potential for future NNN/modified gross restructuring. Steps from dining, courthouses, government offices, and the waterfront, with quick access to I-64. Well-suited for a passive investor or owner-occupant seeking steady cash flow. Principal of the owning company is a licensed real estate agent in Virginia
Location
State VA
County Hampton
Area 102 - Hampton West
Zoning DT1
Interior
Heating Gas, Heat Pump
Cooling Central Air
Flooring Carpet, Tile
Exterior
Parking Features Lot, Paved, 1-25 Spcs
Utilities Available City Sewer, City Water, Electric, Gas
Roof Type Asphalt Shingle
Accessibility Elevator
Building
Foundation Slab
Others
Senior Community No
Ownership Simple
Disclosures Owner Agent
Special Listing Condition Owner Agent
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Listed by Desirable Management LLC
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Theresa Holloway
Real Estate Agent License ID: 0225055790