401 Halifax St Emporia, VA 23847-1711

Property Details for 401 Halifax St

Property type

Parking lots & garages

APN

143 -7 -0 -7

APU

143707

Description

This stunning 10,150 square foot, three-story commercial building at 401 Halifax Street in Emporia, Virginia, presents a unique investment opportunity. Originally constructed in 1907, this architectural gem has been thoughtfully repurposed from a bank into a thriving retail and office space, currently generating rental income. The building boasts 24 rooms and 5 bathrooms, with the third floor awaiting creative development. The first floor features remarkable original wood appointments and early 20th-century partial tile flooring. A secure vault, complete with a combination to be provided to the new owner, adds a unique element. The property benefits from its location in the heart of Emporia's business district, just 1.6 miles from I-95 and one block from Business Highway 58. The Downtown District zoning and Enterprise Zone designation offer additional advantages. Currently, the building generates $2,000 per month in rental income, although not all spaces are currently occupied. The owner occupies the first floor, paying $1,650 per month in rent, a lease that would continue under new ownership. This property offers a blend of historical charm, modern functionality, and strong income potential, making it an exceptional investment in a vibrant commercial area. The building's proximity to the Emporia-Greensville Chamber of Commerce and other retail businesses, combined with a mix of residential properties in the area, ensures a strong and diverse customer base. The asking price is $350,000.