23 South Mallory Street, Hampton, VA for sale

Investment Overview

INVESTMENT OPPORTUNITY: Presenting a compelling opportunity to acquire a two-story retail/office building located at 23 South Mallory Street in the heart of Phoebus, Hampton, Virginia. This well-maintained ±3,763 SF asset, constructed in 1991 and zoned PH-1, offers investors immediate income with the flexibility for future owner-user or leasing strategies. Strategically positioned within one of Hampton’s most active and revitalized commercial corridors, the property benefits from strong surrounding foot traffic, nearby dining and retail amenities, and continued area growth. Its efficient layout, established tenancy, and private access to second-floor office suites make it an attractive and versatile addition to any commercial portfolio. With stable in-place income and long-term upside potential, this asset is ideally suited for investors seeking a well-located, income-producing property with both security and growth potential.

Investment Highlights

• Excellent parking lot located on the backside of building
• Beautiful Phoebus Waterfront Park & Mill Point Park nearby
• Many amazing restaurants in walking distance that you can only find in Historic Phoebus
• Located in an Urban Enterprise Zone