thank you
Your email has been sent.
former Bank Office 30 S Mallory St 8,500 SF Office Building Hampton, VA 23663 $850,000 ($100/SF)
Investment Highlights
- Located in the Phoebus Business Improvement District with strong surrounding amenities.
- PH-1 Mixed Use zoning supports retail, office, and residential redevelopment.
- Nine dedicated parking spaces plus 138 shared public spaces.
- Two-story building originally constructed as the Bank of Phoebus in 1953.
- Signalized intersection with 8,658 vehicles per day on S Mallory Street.
- Eligible for Historic Tax Credit incentives for redevelopment.
Executive Summary
This two-story, 8,500-square-foot property at 30 S Mallory Street offers a unique opportunity for investors and developers seeking a mixed-use asset in Hampton’s vibrant Phoebus Business Improvement District. Built in 1953 as the historic Bank of Phoebus, the building retains its original character while providing modern Class A office features. The property sits on 0.29 acres across two parcels and benefits from PH-1 Mixed Use zoning, allowing for a variety of redevelopment options including retail, office, and residential uses.
Positioned at the signalized intersection of Mallory Street and Mellon Street, the site offers excellent visibility and accessibility, with frontage of 61 feet on S Mallory Street and 196 feet on W Mellen Street. The property includes nine dedicated parking spaces and access to 138 shared public spaces, supporting both tenant and customer convenience. Located within walking distance of numerous restaurants and retail amenities, the property is well-suited for adaptive reuse projects leveraging Historic Tax Credits. With an assessed value of $807,500 and offered at $850,000, this asset presents a compelling opportunity for long-term value creation in a growing urban district.
Positioned at the signalized intersection of Mallory Street and Mellon Street, the site offers excellent visibility and accessibility, with frontage of 61 feet on S Mallory Street and 196 feet on W Mellen Street. The property includes nine dedicated parking spaces and access to 138 shared public spaces, supporting both tenant and customer convenience. Located within walking distance of numerous restaurants and retail amenities, the property is well-suited for adaptive reuse projects leveraging Historic Tax Credits. With an assessed value of $807,500 and offered at $850,000, this asset presents a compelling opportunity for long-term value creation in a growing urban district.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
8,500 SF
Building Class
C
Year Built/Renovated
1953/2015
Price
$850,000
Price Per SF
$100
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,300 SF
Building FAR
1.08
Lot Size
0.18 AC
Zoning
PH-1 - PH-1 Mixed Use zoning supports retail, office, and residential redevelopment.
Parking
25 Spaces (3.3 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Security System
- Air Conditioning
- Backup Power / Generators
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
TowneBank began in 1999 and grew from a relationship-based community bank into a broader financial services company. TowneBank offers personal and business banking, lending, treasury services, card payment processing, mortgage lending, insurance, and investment-related services through its Towne family of services. Recent company announcements show continued expansion through mergers with other banking franchises, reinforcing TowneBank’s role as a regional financial services provider. TowneBank’s official materials describe a network of banking offices and related services serving customers in Virginia and North Carolina.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $658,800 | |
| Land Assessment | $148,700 | Total Assessment | $807,500 |
Property Taxes
Parcel Numbers
Land Assessment
$148,700
Improvements Assessment
$658,800
Total Assessment
$807,500
1 of 22
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
former Bank Office | 30 S Mallory St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.