823 W Pembroke Ave 18,009 SF Flex Building Hampton, VA 23669 $1,710,760 ($94.99/SF)

This freestanding retail property at 823 W Pembroke Avenue in Hampton, Virginia, presents a compelling owner-user or investment acquisition opportunity within the Hampton Roads region. The asset sits on a 0.81-acre parcel with C3 Commercial zoning and is positioned in an established retail corridor. Currently 100% leased, this property offers stable income potential and a favorable price per square foot. The one-story building spans over 19,000 square feet and includes two loading docks for operational flexibility.
The location benefits from frontage of approximately 118 feet along Pembroke Avenue, providing visibility and access to nearby arterials leading to the Peninsula's primary transportation networks. With proximity to Downtown Hampton, the building serves a dense consumer base and is easily reachable from Interstate routes that connect the Virginia Beach-Norfolk metro area. Additionally, the property sits within a federally designated Opportunity Zone, allowing investors to benefit from tax-related incentives under the program.
Recent assessments value improvements at $634,500 with total assessed value nearing $794,200, reflecting an enduring presence in this submarket. Ample on-site parking and pylon signage enhance both convenience and exposure, supporting a wide range of retail applications. A strong combination of location, usability, and incentive structure reinforces the long-term viability of this property as a retail or mixed-use asset.