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550 Settlers Landing Rd 3,808 SF Retail Building Hampton, VA 23669 $1,400,000 ($367.65/SF)

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Investment Highlights

  • Downtown Hampton Location – Located in the heart of Downtown Hampton with walkable access to restaurants, retail, and waterfront amenities
  • Freestanding Commercial Building – Approximately 3,808 SF single-story building on a commercial parcel with flexible redevelopment potential
  • Downtown Mixed-Use Zoning – Zoned DT-2, allowing a variety of retail, office, and mixed-use commercial applications
  • Signalized Corner Visibility – Prominent position at the intersection of Settlers Landing Road and Bridge Street with strong exposure
  • Drive-Through Infrastructure – Existing single drive-through lane, supporting banking, pharmacy, or service-oriented retail uses
  • Convenient Parking – Approximately 27 parking spaces, providing a strong parking ratio for office or medical users.

Executive Summary

550 Settlers Landing Road presents an opportunity to acquire a freestanding commercial building in the center of Downtown Hampton, one of the Peninsula’s most walkable and amenity-rich business districts. The property is located within the historic downtown area near restaurants, retail establishments, municipal offices, and waterfront attractions, creating a strong environment for professional services and customer-facing businesses.
The building contains approximately 3,808 square feet on a single level and sits on a commercial parcel with convenient access and visibility from Settlers Landing Road. The site occupies a signalized intersection with strong exposure and includes a monument sign location along the roadway, offering excellent branding potential for professional or medical users.
Originally constructed as a bank facility, the building includes an existing drive-through lane and functional layout that lends itself to adaptive reuse. With approximately 27 on-site parking spaces, the property provides an efficient parking ratio that supports office, service, or medical operations.
The DT-2 Downtown Mixed-Use zoning allows a variety of potential uses including office, retail, and service-oriented businesses. The property is particularly well suited for medical office redevelopment, such as dental, outpatient clinic, wellness services, or specialty practices seeking a convenient downtown location with parking and visibility.
The building also presents an attractive opportunity for enterprise office users, including law firms, accounting practices, engineering firms, financial advisors, or regional administrative offices that desire a professional presence in the Hampton downtown corridor.
Overall, the property represents a strategically located owner-user or investment opportunity in Downtown Hampton, combining strong visibility, parking, flexible zoning, and a building that can be repositioned for medical office, professional services, or enterprise office occupancy.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
3,808 SF
Building Class
C
Year Built
1973
Price
$1,400,000
Price Per SF
$367.65
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.35 AC
Opportunity Zone
Yes
Zoning
DT2 - Mixed Use - Mixed Use
Parking
27 Spaces (8.95 Spaces per 1,000 SF Leased)
Frontage
193’ on Settlers Landing

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Jt Hasty
  • Finance and Insurance
  • -
  • -
  • -
  • Finance and Insurance
  • -
  • -
  • -

TowneBank is a publicly traded financial institution headquartered in Portsmouth, Virginia. Established on April 8, 1999, the bank was founded with a community-focused model emphasizing local decision-making and relationship banking. TowneBank provides a broad range of services through three primary segments: Banking, Realty, and Insurance. Its offerings include commercial and retail banking, residential mortgage lending, real estate brokerage, and insurance solutions. The company operates primarily in Virginia and North Carolina, serving individuals, businesses, and professionals. TowneBank has grown through strategic acquisitions, including Monarch Bank and Old Point Financial Corporation, and recently announced plans to acquire Dogwood State Bank to expand its presence in the Carolinas. As of 2025, TowneBank employs approximately 2,700 people and maintains over 50 branch locations. It trades on NASDAQ under the ticker symbol TOWN.

Tenant Industry SF Occupied Rent/SF Lease End
Jt Hasty Finance and Insurance - - -
Finance and Insurance - - -
Walk Score®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Food Lion
Bank of America
The YMCA

Property Taxes

Property Taxes

Parcel Number
2003224
Land Assessment
$314,600
Improvements Assessment
$1,069,900
Total Assessment
$1,384,500
  • Listing ID: 39493675

  • Date on Market: 2/19/2026

  • Last Updated:

  • Address: 550 Settlers Landing Rd, Hampton, VA 23669

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