324 E St 53,760 SF Vacant Industrial Building Hampton, VA 23661 $7,000,000 ($130.21/SF)

SALE AND LEASE PRICE REDUCTION
Prime new construction industrial facility is located at 324 E Street in the Copeland Industrial Park in Hampton, Virginia. This state-of-the-art, 53,760-square-foot warehouse sits on a 2.6-acre lot and is available for sale as a prime owner/user and value-add opportunity. The property can be subdivided into two sections of 26,880 square feet each, providing flexibility for various industrial, manufacturing, or commercial uses.

Featuring durable metal construction, clear heights between 22 to 32 feet, and essential amenities like LED lighting, an ESFR sprinkler system, and a 1,200-amp, 270/440-volt, 3-phase power supply, this space is designed for operational efficiency. The layout offers 60-foot by 28-foot center column spacing per partition, along with four 12-foot by 12-foot dock-level doors and two grade-level doors for seamless logistics, with 30 surface parking spaces, exterior lighting for enhanced security, and 6-inch slab over rebar with a 4,000 PSI slab for durable, long-term use. Ceiling-mounted gas heaters ensure climate control throughout the warehouse, offering modern solutions to all business needs making it an excellent long-term investment.

324 E Street is ideally situated in the heart of Hampton Roads, just 3.5 miles from the Newport News Shipyard and 4.4 miles from Newport News Marine Terminals, placing it at the crossroads of critical transportation routes. The property offers direct access to both Interstate 64 and 664 within a mile, ensuring smooth connectivity to the region’s core. With the Virginia International Gateway only 16 miles away and Norfolk International Airport just 18 miles away, the location is suited for businesses engaged in international trade, manufacturing, and logistics. Additionally, the property is located within the Virginia Enterprise Zone and the City of Hampton’s Urban Enterprise Zone, offering businesses tax incentives, property tax exemptions, and grants. It’s also situated within one of Virginia’s largest Foreign-Trade Zones (FTZ), enhancing the appeal for businesses focused on international trade, distribution, and logistics. Its HUBZone designation offers companies access to federal contracting opportunities.

The Copeland Industrial Park submarket continues to grow with low vacancy rates and increasing rental demand, making 324 E Street a valuable opportunity in this high-demand area. The property is surrounded by a dense population of 388,000 people within a 10-mile radius, ensuring a skilled workforce for any business operation. Nearby national retailers, including Dollar Tree, McDonald’s, Wendy’s, and 7-Eleven, further enhance the area’s appeal for businesses. With its M3 zoning, 324 E Street is ideal for heavy industrial activities, including warehousing, distribution, R&D, and manufacturing. 324 E Street is strategically located, presenting a rare opportunity for businesses to establish themselves in a thriving and economically advantageous environment.