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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

116 Main St Emporia, VA 23847-1604

55 ac lot Built 1950
Individually Owned Absentee Owner Free & Clear
Property ID
US87-2682910
Property summary
AI-generated overview

This exceptional commercial property at 116 N Main Street, Emporia, VA, presents a remarkable investment opportunity. Situated in the heart of the downtown business district, this multi-level building offers unparalleled convenience, with easy walking access to a variety of restaurants, shops, banks, and entertainment venues. Currently configured as a salon on the main level, the property boasts a spacious reception area, an open nail technician area, eight styling booths, a dedicated washing room with ample storage, a large drying room accommodating ten or more chairs, a pedicure/waxing room, an ADA-compliant bathroom, and a utility/mechanical room. A new roof has recently been installed. While styling and drying chairs are not included in the sale, they are negotiable. Upstairs, an unfinished apartment with private access offers significant potential for expansion, conversion into additional office space, or use as an Airbnb rental. This apartment features a spacious foyer, a sitting room/office, a large living area (currently used as a barbershop), a formal dining room, a kitchen, a full bathroom, and two bedrooms. The sizable basement provides excellent storage space and could be finished for additional business use. The property also includes ample parking and a large patio, perfect for client or guest use. The annual flood insurance premium is $1700. This 0.14-acre lot offers a unique blend of established business space and significant upside potential, making it an ideal investment for a savvy entrepreneur or business owner.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE (MULTI-STORY)
Year built 1950
Lot 55 ac (2,395,800 SF)
APN 162 -A -0 -28
UPID US87-2682910
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
  • New Attitude Beauty Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
PRICE ANTOINE
PRICE ANTOINE
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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