30 S Mallory St 8,500 SF Office Building Hampton, VA 23663 $850,000 ($100/SF)

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.