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256 Broadway

5,278 SF 100% Leased Retail Building Hopewell, VA 23860 $650,000 ($123/SF) 8.01% Cap Rate

Retail Space Virginia Hopewell 256 Broadway, Hopewell, VA 23860

Investment Highlights

  • Brand new renovation
  • Located along the main street in Hopewell.

Executive Summary

This asset was recently gut renovated and turned into a 5 unit multi-use rental property. Currently the building is fully leased. Divided into 3 newly constructed apartments on the second floor and 2 units on the first floor, 1 unit being retail and the other a storage/workshop.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,278 SF
Building Class
C
Year Built/Renovated
1917/2022
Price
$650,000
Price Per SF
$123
Cap Rate
8.01%
NOI
$52,050
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.92
Lot Size
0.06 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B1 - Business Use
Parking
1 Space (0.19 Spaces per 1,000 SF Leased)
Frontage
18 FT on Broadway

Amenities

  • Signage
  • Air Conditioning
  • Smoke Detector
1 of 1
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 080-0460 Improvements Assessment $188,600
Land Assessment $16,500 Total Assessment $205,100

PROPERTY TAXES

Parcel Number
080-0460
Land Assessment
$16,500
Improvements Assessment
$188,600
Total Assessment
$205,100
(804) 920-0615

Contact

  • Listing ID: 26285994

  • Date on Market: 7/29/2022

  • Last Updated:

  • Address: 256 Broadway, Hopewell, VA 23860

More public record information on 256 Broadway, Hopewell, VA 23860

The Retail Property at 256 Broadway, Hopewell, VA 23860 is currently available for sale. Contact Evola Property Group for more information.

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256 Broadway
(804) 920-0615 x

256 Broadway

Antonio Evola

(804) 920-0615

(804) 920-0615

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