1909 Commerce Drive

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1909 Commerce Drive

Hampton, VA 23666
Asking Price
$9.36M
Asset Type
Residential Land
Class
Class B

What's Special

Redevelopment Land | 4.88 AC <ul><li>​Well located site in Hampton Roads, offering proximity to major employment centers and daily amenities</li><li>​Close proximity to the Hampton Coliseum, Hampton Roads Convention Center, Peninsula Town Center, Coliseum Marketplace and more</li><li>​Strong workforce and renter base driven by nearby military, aerospace, healthcare, and port-related employers</li><li>​Situated in an Opportunity Zone within the Coliseum Central District</li></ul>

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NOI
$80,000
Cap Rate
0.85%
DSCR
0.14
Underwater
Cash-on-Cash
-16.94%
Monthly Payment
$46,303.226
Annual Cash Flow
$-475,638.707

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