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    2505 Oaklawn Blvd Hopewell, VA 23860

    For Sale
    $129,000

    Renovated building, endless possibilities, owner financing considered.

    Property size:
    672 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 672-square-foot commercial property, located at 2505 Oaklawn Boulevard in Hopewell, Virginia, presents a remarkable investment opportunity. Situated on a 0.14-acre lot, the building has undergone a complete transformation. All electrical systems have been upgraded, a new bathtub and hot water heater installed, plumbing updated, a new roof added, and vinyl siding installed. The property is ready for immediate occupancy and development. City of Hopewell approved plans are in place, streamlining the permitting process for your chosen business venture. Access is convenient, with a curb cut providing direct access from Oaklawn Boulevard, and ample off-street parking available via an alleyway. The B-3 zoning designation allows for a wide variety of commercial uses, making this property ideal for numerous business types. The seller is open to considering owner financing options, subject to agreeable terms. This is a rare chance to acquire a fully renovated commercial space with significant upside potential in a desirable location. Don't miss this opportunity to bring your business vision to life. The property is priced at $129,000.

    Property Features for 2505 Oaklawn Blvd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    672 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1950
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -77.30046
    Latitude
    37.28604

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    FAQs

    What type of property is this?
    Commercial real estate - Renovated building, endless possibilities, owner financing considered.
    Where is this commercial real estate located?
    The property is located at 2505 Oaklawn Blvd Hopewell, VA.
    What is the asking price?
    The asking price for this property is $129,000.
    (804) 360-5200
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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
    2505 Oaklawn Blvd Hopewell, VA 23860
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