50-Unit Converted School Apartment
For Sale
Contact for pricing
Pending
1201 W City Point Rd, Hopewell, VA 23860
Apartments feature in-unit laundry, refinished floors, granite countertops, cherry cabinetry, and onsite storage.
Property SizeContact for details
Days on Market141
Property Features for 1201 W City Point Rd
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
50
Amenities
washers and dryers
hardwood and terrazzo floors
granite countertops
cherry cabinetry
onsite storage
Building Details
Year Renovated
2010
Listing Agency:
One South Commercial
(804) 690-1482
Listed By:
Ryan Rilee · License #VA 0225187102
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 10:18AM
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 One South Commercial
Investment Insights
Based on property information with market context.
Hopewell Lofts is a 50-unit apartment property created through the 2010 conversion of the former James E. Mallonee School. The adaptive reuse incorporates refinished hardwood and terrazzo flooring with updated residential finishes, including granite countertops, cherry cabinetry, and a washer and dryer in each unit. Onsite storage is also provided.
The property is located at 1201 W City Point Rd in Hopewell, Virginia. Its surrounding employment context includes Fort Lee, home to the U.S. Army’s Combined Arms Support and several other major commands, as well as Meadowville Technology Park, a master-planned advanced manufacturing hub. Downtown Richmond and Virginia Commonwealth University are also identified among the nearby regional destinations.
The property is located at 1201 W City Point Rd in Hopewell, Virginia. Its surrounding employment context includes Fort Lee, home to the U.S. Army’s Combined Arms Support and several other major commands, as well as Meadowville Technology Park, a master-planned advanced manufacturing hub. Downtown Richmond and Virginia Commonwealth University are also identified among the nearby regional destinations.
Key Highlights
- 50‑unit apartment property converted from the James E. Mallonee School in 2010
- Washer and dryer included in every unit
- Refinished hardwood and terrazzo floors
Property Analytics
Property Profile
Current Use
Lease Details
50
Residential units
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartments feature in-unit laundry, refinished floors, granite countertops, cherry cabinetry, and onsite storage.
Where is this apartment building located?
The property is located at 1201 W City Point Rd Hopewell, VA.
What are key features of this property?
This property features: 50‑unit apartment property converted from the James E. Mallonee School in 2010; Washer and dryer included in every unit; Refinished hardwood and terrazzo floors
