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    113 Hopewell St Hopewell, VA 23860

    For Sale
    $150,000

    Historic diner, rehab-ready, prime location.

    Property size:
    1,225 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    Embrace a unique investment opportunity in Hopewell, VA, with this 1,225 sq ft commercial building situated on 113 Hopewell Street. Originally built in 1927, this property offers a captivating blend of history and potential. Currently zoned B1, it's ideally located within both the Hopewell Enterprise Zone and the Virginia Opportunity Zone, presenting significant tax advantages and incentives for the savvy investor. The building features a recently installed new roof, providing a solid foundation for your vision. Its previous life as a beloved local diner lends itself to a variety of uses, from restoring its nostalgic charm as a restaurant or cafГ© to transforming it into a modern office space, boutique retail store, or any other suitable commercial venture. The property's central location ensures high visibility and accessibility, making it an attractive proposition for entrepreneurs and business owners seeking a unique and profitable venture. This is a rare chance to acquire a piece of Hopewell's history and shape its future. Don't miss this exceptional opportunity to capitalize on the benefits of the enterprise and opportunity zones while creating a thriving business in a vibrant community. The possibilities are truly endless.

    Property Features for 113 Hopewell St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,225 SF

    Building Details

    Year Built
    1958
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopewell
    County
    Hopewell
    State
    Virginia
    Longitude
    -77.28348
    Latitude
    37.30431

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    FAQs

    What type of property is this?
    Commercial real estate - Historic diner, rehab-ready, prime location.
    Where is this commercial real estate located?
    The property is located at 113 Hopewell St Hopewell, VA.
    What is the asking price?
    The asking price for this property is $150,000.
    (804) 452-0505
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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
    113 Hopewell St Hopewell, VA 23860
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