224 S 15Th Ave Hopewell, VA 23860
For Sale
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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.
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EJ's Filipino Store Grocery & Convenience Store Food Market
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
B2 · 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.