Property profile

113 Hopewell St Hopewell, VA 23860

OFF-MARKET
Turn key restaurants
Property ID
US87-1778932
1,225 SF 0.06 ac lot Built 1958
Trust Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Embrace a unique investment opportunity in Hopewell, VA, with this 1,225 sq ft commercial building situated on 113 Hopewell Street. Originally built in 1927, this property offers a captivating blend of history and potential. Currently zoned B1, it's ideally located within both the Hopewell Enterprise Zone and the Virginia Opportunity Zone, presenting significant tax advantages and incentives for the savvy investor. The building features a recently installed new roof, providing a solid foundation for your vision. Its previous life as a beloved local diner lends itself to a variety of uses, from restoring its nostalgic charm as a restaurant or cafГ© to transforming it into a modern office space, boutique retail store, or any other suitable commercial venture. The property's central location ensures high visibility and accessibility, making it an attractive proposition for entrepreneurs and business owners seeking a unique and profitable venture. This is a rare chance to acquire a piece of Hopewell's history and shape its future. Don't miss this exceptional opportunity to capitalize on the benefits of the enterprise and opportunity zones while creating a thriving business in a vibrant community. The possibilities are truly endless.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1958
Construction TYPE NOT SPECIFIED
Total area 1,225 SF
Lot 0.06 ac (2,500 SF)
Zoning code B1
APN 080-0150
UPID US87-1778932

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

113 Hopewell St Hopewell, VA 23860-7806
Hopewell metro Census 820100 RICHMOND, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2025
1 recorded transaction
2025
$120,000

Zoning & alternative use

B1 · Hopewell, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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