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Commercial Specialty Property

1001 Elm St, Hopewell, VA 23860

For Sale
$75,000

Commercial zoning supports consideration of office or other business use, subject to verification with the City of Hopewell.

Property SizeContact for details
Days on Market9

Property Features for 1001 Elm St

General Information

Standard status Active
Property subtype Commercial

Property Condition

Severity Major Repairs Needed
Evidence Property is in need of complete rehabilitation.

Additional Details

Condition Needs Renovation

Building Details

Year Built 1939
Stories 1
Listed By: Desiree Rodriguez
Source: Elliman
Added: Nov 1 Changed: Nov 6 Last Checked: Nov 8 at 5:31AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Desiree Rodriguez

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Investment Insights

Based on property information with market context.

This specialty property dates to 1939 and requires complete rehabilitation. Commercial zoning supports consideration of office space or other business uses. Residential use may also be explored, subject to City of Hopewell zoning approval and applicable permits. Buyers should verify intended uses and assess the property's condition, structural integrity, permits, utilities, and improvement feasibility.

Key Highlights

  • Built in 1939
  • Complete rehabilitation is needed
  • Residential use requires City of Hopewell zoning approval and applicable permits

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Specialty properties

Suggested Use

Top Pick Real Estate Agency Hair Salon Parking Lot & Garage Skin Care Clinic Kitchen & Bath Showroom Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

318
Businesses Nearby

Demographics for 23860, VA

32,139
Population
12,254
Households
2.6
Avg Household Size
39
Median Age
14%
College-Educated
87%
High-School Grad
45.2 sq mi
ZIP Area
711
Density / Sq Mi
$55,104
Median Household Income
$36,663
Median Earnings
$1,103
Median Rent
$187,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Specialty property - Commercial zoning supports consideration of office or other business use, subject to verification with the City of Hopewell.
Where is this specialty property located?
The property is located at 1001 Elm St Hopewell, VA.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Built in 1939; Complete rehabilitation is needed; Residential use requires City of Hopewell zoning approval and applicable permits
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