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



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.
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
Building Size
3,808 SF
Building Class
B
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
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
- -
- -
- -
TowneBank began in 1999 as a community-focused banking business built around relationships and service. The company provides a full range of banking and other financial services, and its affiliated businesses extend into wealth management, insurance, benefits, mortgage lending, commercial mortgage, realty, 1031 exchange, vacation services, and trust services. TowneBank has also expanded through acquisitions, including completed combinations with other community banks, while continuing to operate as a local financial institution serving individuals and businesses.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Jt Hasty | Finance and Insurance | - | - | - | ||
|
Finance and Insurance | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2003224 | Improvements Assessment | $1,069,900 |
| Land Assessment | $314,600 | Total Assessment | $1,384,500 |
Property Taxes
Parcel Number
2003224
Land Assessment
$314,600
Improvements Assessment
$1,069,900
Total Assessment
$1,384,500
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