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Property profile & analytics
OFF-MARKET
Banks

105 Main St Hopewell, VA 23860-2718

2,000 SF 0.37 ac lot Built 1977
Individually Owned 16-yr Hold ~ Est. High Equity
Property ID
US87-2217598
Property summary
AI-generated overview

This exceptional 1,224 square foot commercial building is ideally situated on Main Street in the heart of Downtown Hopewell, Virginia. Boasting a prominent road frontage, this brick structure enjoys a highly visible location adjacent to the Courthouse and a short distance from the Municipal Building and the historic Beacon Theatre. Previously utilized as a credit union and more recently as business office/meeting space, the property offers versatile potential for a variety of uses. The building features a charming courtyard, three drive-through lanes with a canopy, and eight reserved parking spaces, supplemented by additional public parking nearby. The interior showcases exposed brick walls, two private offices, a lobby area with desks, an open conference area with a table, and a flexible open space. Two bathrooms, an employee break room/kitchen equipped with a refrigerator, table, dishwasher, and microwave, and a coat closet provide ample amenities. Included in the sale are existing signage, furniture, mini-split HVAC units, a refrigerator, and a microwave. The property sits on a 0.37-acre lot and is zoned B-1 (details available in supplemental documents). Priced competitively below its assessed value of $448,900, this presents a significant opportunity for investors and businesses alike. Further information regarding the Hopewell Enterprise Zone and Virginia State Opportunity Zone is available in supplemental documents. This property is well-suited for a small business, real estate office, attorney's office, retail space, coffee shop, bakery, or non-profit organization.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1977
Construction TYPE NOT SPECIFIED
Total area 2,000 SF
Lot 0.37 ac (16,078 SF)
Zoning code B1
APN 080-0055
UPID US87-2217598
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Teamsters Local Union 101 Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Industrial And Allied Workers · 16 yrs held
Industrial And Allied Workers
since 2010
1 recorded transaction
2010
$251,000
Zoning & alternative use
B1 · Hopewell, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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