You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Office Spaces

224 S 15Th Ave Hopewell, VA 23860

1,177 SF 0.13 ac lot Built 1932
Individually Owned 7-yr Hold Free & Clear
Property ID
US87-2076965
Property summary
AI-generated overview

This 1,177 square foot commercial building, located at 224 S 15th Avenue in Hopewell, Virginia, presents a fantastic opportunity for a variety of retail businesses. Previously utilized as a grocery store and sit-down restaurant, the property is in excellent condition and boasts numerous desirable features. A fully equipped restaurant-style kitchen is ready for immediate use, complemented by abundant storage space throughout the building. A convenient bathroom includes a laundry tub, adding to the property's functionality. Recent updates include new flooring and a like-new HVAC system with gas heat, ensuring efficient and comfortable operation year-round. Replacement windows enhance energy efficiency and contribute to the building's overall appeal. A built-in storage area behind the front counter provides additional organizational space. Parking is readily available both in the rear of the building and on the street, ensuring convenient access for customers and employees. A detached shed offers further storage capacity for supplies or equipment. The 0.13-acre lot provides ample space for outdoor activities or expansion. This property's prime location in Hopewell makes it an ideal choice for a variety of retail ventures. The building's excellent condition and versatile layout offer a turnkey solution for entrepreneurs seeking a well-maintained and functional commercial space. The asking price is $155,000.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1932
Construction WOOD
Total area 1,177 SF
Lot 0.13 ac (5,750 SF)
Zoning code B2
APN 024-0970
UPID US87-2076965
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
  • EJ's Filipino Store Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Eliza L Pacun · 7 yrs held
Eliza L Pacun
since 2019
4 recorded transactions
2019
$53,500
2018
$53,500
2018
$48,751
2012
$82,000
Zoning & alternative use
B2 · Hopewell, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message