959 N King ST, Hampton, VA 23669
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Scott Thomas

Scott Thomas

+1(757) 275-5862
$ 775,000
Est. payment | /mo

2.58 Acres Lot

Save
$ 775,000
Est. payment | /mo
Save

2.58 Acres Lot

Key Details

Property Type Commercial

Sub Type Purchase

Listing Status Contingent

Purchase Type For Sale

Subdivision All Others Area 103

MLS Listing ID 10621211

HOA Y/N No

Annual Tax Amount $5,422

Contingent Feasibility Study/Due Diligence

Lot Size 2.579 Acres

Property Sub-Type Purchase

Property Description

Seize a rare opportunity to acquire Elmwood Trailer Park, a high-performance asset positioned within the high-demand affordable housing sector. Spanning 2.58 acres, this 15-site park represents a premier entry-point for the savvy investor seeking recession-resistant cash flow. Because zoning for new parks is difficult to obtain, Elmwood benefits from high occupancy and a captive tenant base. This land-lease model reduces exposure to traditional multifamily headaches, shifting focus from interior maintenance to high-level asset management and consistent long-term yield. Elmwood is perfectly positioned for an operator looking to capitalize on predictable income and low turnover. The acreage is optimized for low-cost maintenance while providing residents with a spacious atmosphere. Whether you seek a reliable 1031 exchange or a value-add opportunity, this property offers the fundamental strength for equity growth. Full financials are available upon request.

Location

State VA

County Hampton

Area 103 - Hampton Langley

Zoning C1

Interior

Cooling None

Exterior

Parking Features Off Street, Street

Utilities Available City Sewer, City Water, Electric Avail

Roof Type Other

Building

Foundation Other

Others

Senior Community No

Ownership Simple

Disclosures Spec Warranty Deed

Special Listing Condition Spec Warranty Deed

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Schools and Properties Nearby

Scott Thomas

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(757) 275-5862

scott@virginiabeachlife.com

1545 Crossways Blvd Suite 250 #242, Chesapeake, VA 23320, USA

Learn More About LPT Realty

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959 N King ST