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Seven City Realty
26 Wine Street, Hampton West, VA 23669
- $350,000
- 4,072
- SqFt
- List Price
- $350,000
- Status
- NEW LISTING
- MLS#
- 10662009
- Year Built
- 1940
- Living Area
- 4,072
- Acres
- 0.07
- County
- Hampton VA
- City
- Hampton West
- Subdivision
- All Others Area 102
- Neighborhood
- Downtown Hampton
Property Description
Positioned in the heart of historic Downtown Hampton, the Bassette Building at 26 Wine Street offers versatility, immediate cash flow, and strong upside. Spanning ~4,072 SF across two stories, the property is 50% occupied with a long-term tenant generating $1,850/month. The vacant ~2,036 SF space is a flexible blank canvas could be used for office, professional services, retail, or studio use. Investors can double income potential by leasing the remaining space at market rate for a strong cap rate yield, while owner-users can occupy the vacant unit and let existing rent offset mortgage debt service. Located in an Opportunity Zone, steps from dining, government offices, the waterfront, and quick I-64 access. Priced to move at $350,000 (~$86/SF). Schedule your viewing today! Principal of the owning company is a licensed real estate agent in Virginia.
Additional Information
- Heating
- Gas
- Cooling
- Central Air
- Roof
- Poly Skin
- Floors
- Carpet
- Exterior
- Stucco
- Parking Description
- Paved, 1-25 Spcs
- Contingency Exists
- Non Contingent
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Listing courtesy of Desirable Management LLC.
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