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Property profile & analytics
OFF-MARKET
Parking lots & garages

401 Halifax St Emporia, VA 23847-1711

Entity Owned 3-yr Hold Free & Clear
Property ID
US87-2731181
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
APN 143 -7 -0 -7
UPID US87-2731181
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
  • Head To Toe Beauty Salon Hair Salon Nail Salon
  • Clements Mayes Photography Photography Service (Bike/Boat/Book/etc) Store
  • Picture Perfect Frames and Gifts (Bike/Boat/Book/etc) Store
  • Picture Perfect Custom Framing (Bike/Boat/Book/etc) Store Home Decor Store
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
Halifax & Baker Properties LLC · 3 yrs held
Halifax & Baker Properties LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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