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    3904 Oaklawn Blvd Hopewell, VA 23860

    For Sale
    $850,000

    High-traffic location, restaurant potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional commercial property, located at 3904 Oaklawn Boulevard in Hopewell, Virginia, presents a unique investment opportunity. Situated on a half-acre lot at the corner of Ashland and Oaklawn Boulevards, this property boasts a high traffic count, making it ideally suited for a variety of commercial ventures, particularly a restaurant. The property consists of two parcels, identified by PIDs 025-0055 and 025-0035. The building's current condition is noted as poor, presenting a chance for a complete renovation and customization to suit a specific business plan. The prime location and high visibility offer significant potential for return on investment. The asking price for this property is $850,000. Serious inquiries are encouraged to explore the possibilities this location offers. Given the building's condition, a thorough inspection is recommended. This is a rare opportunity to acquire a high-traffic corner lot in a desirable location, ready for redevelopment. The property's size and location make it suitable for a variety of commercial uses, beyond just a restaurant. The potential for significant return on investment is substantial, given the strategic location and high volume of traffic. Further details are available upon request.

    Property Features for 3904 Oaklawn Blvd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hopewell
    County
    Hopewell
    State
    Virginia
    Longitude
    -77.31532
    Latitude
    37.27178

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, restaurant potential.
    Where is this commercial real estate located?
    The property is located at 3904 Oaklawn Blvd Hopewell, VA.
    What is the asking price?
    The asking price for this property is $850,000.
    (804) 458-9873
    Request Owner's contact information
    3904 Oaklawn Blvd Hopewell, VA 23860
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3904 Oaklawn Blvd Hopewell, VA 23860
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