Property summary
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
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
B1 · Hopewell, VAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for B1 in Hopewell, VA.
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- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight