SVN/Motleys is pleased to present the 59,108 ± square foot, climate controlled, two building campus located at 3200 Magruder Blvd., Hampton, VA 23666. These buildings are situated on a 5.29 ± acre lot, which is located within the Langley Research & Development Park. The first building totals 34,148 ± square feet, while the second building totals 24,960 ± square feet. These two buildings are located within the Hampton Roads Center Enterprise and Technology Zones and the buildings most recently served as an industrial production assembly and office building. The property is zoned M-1 (Light Industrial) and they are afforded a variety of uses including industrial, office, and restaurant with a drive-thru. There are additional rezoning opportunities including retail, and concept plans are available above for potential retail redevelopment sites. The 2018 tax assessment value for this property is $2,622,700.
Features include 5.29 ± acres of land on the corner of a signalized intersection at Magruder Boulevard, a major Hampton Roads corridor with 29,000 vehicles per day traffic count (VDOT), and excellent access to I-64. Paved parking with 126 ± parking spaces, and 4 curb cuts. Access to the buildings includes seven (7) exterior roll up doors, controlled entrances, and secure fencing between buildings. The Hampton Roads Enterprise and Technology Zones offer incentives for qualifying tenants.
The property is located across the street from the new FED EX 200,000 square foot distribution facility, approximately 0.5 ± miles from the National Institute of Aerospace, 1.2 ± miles from the NASA Langley Research Center, 3.4 ± miles from access to I-64, 8.4 ± miles from Newport News, 11.2 ± miles from the Newport News/Williamsburg International Airport, 25 ± miles from Virginia Beach, and 75 ± miles from Richmond.
Between August 9th and August 14th, SVN Premier CRE & Auctions will conduct the online auction of 1216 S. 7th Street and surrounding properties. The properties will be sold to the highest bidder exceeding the unpublished reserve. There will be a 10% Buyer's Premium added to the high bid to determine the selling price. The winning bidder will provide make a deposit of 5% of the purchase price, which is to be paid by check and delivered or overnighted to SVN Premier CRE & Auctions, 11001 Bluegrass Pkwy., Suite 300, Louisville, KY 40299. Also, the auction purchase contract is to be signed, scanned and emailed immediately following the auction to email@example.com.
Prime development opportunity being sold through an Online Auction at SVNPremierAuctions.com. Bidding opens on August 23rd and begins to close at 4 pm on August 28th.
7845 -7855 Dixie Highway, just south of Greenwood Road and just north of East Pages Lane. Approximately 260’ frontage on 9.153 +- acres of level property. Property is zoned C-2 and includes two parcels, 7845 and 7855 Dixie Highway.
Excellent retail development site for restaurant, medical center, strip center, car dealership, office building, stand alone box and more. Traffic counts over 45,000 cars per day.