105 Main St Hopewell, VA 23860-2718
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.
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Teamsters Local Union 101 Advocacy Group
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B1 · Hopewell, VACosts & Benchmarks
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.