3904 Oaklawn Blvd Hopewell, VA 23860
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.