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    211 5Th Ave Hopewell, VA 23860

    For Sale
    $130,000

    Cozy Corner Lot, Two Kitchens, Garage

    Property size:
    1,574 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 1,574 square foot commercial property, situated at 211 N 5th Avenue in Hopewell, VA, presents a unique opportunity for entrepreneurs seeking a vibrant and convenient location. Ideally positioned on a corner lot, this property boasts proximity to historic landmarks such as The Beacon Theater and Randolph's Market, ensuring high visibility and foot traffic. The building itself offers a versatile layout, currently configured with five office rooms, a welcoming interior reception area, and a bright sun room, perfect for client meetings or relaxation. Adding to its functionality are two kitchens and two bathrooms, providing ample convenience for staff and potential clients. A significant advantage is the inclusion of a 20x20 garage, offering valuable storage or workshop space. While the property includes limited off-road parking, its prime location offers easy access to public parking options. The property is being sold in its current "as is/where is" condition, allowing for customization and the potential to create a truly unique business space. This is an exceptional opportunity to establish a thriving business in a historic and rapidly developing area of Hopewell. The asking price is $130,000.

    Property Features for 211 5Th Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,574 SF

    Building Details

    Year Built
    1951
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sandra L. White, ... Counselor Walters Jerry M Social Worker Center For Urgent Counseling Mental Health Service Mr. Donald Farr Social Worker Child & Family Counseling ... Counselor

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -77.29175
    Latitude
    37.30345

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    FAQs

    What type of property is this?
    Commercial real estate - Cozy Corner Lot, Two Kitchens, Garage
    Where is this commercial real estate located?
    The property is located at 211 5Th Ave Hopewell, VA.
    What is the asking price?
    The asking price for this property is $130,000.
    (804) 803-1635
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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
    211 5Th Ave Hopewell, VA 23860
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