700 Jordan Point Rd
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700 Jordan Point Rd
5,722 SF Retail Building Hopewell, VA 23860 $1,995,000 ($349/SF) 7.10% Cap Rate
Executive Summary
Investment opportunity to own a fully leased Waterfront Restaurant. This Restaurant is located on the water in Prince George, VA and has a 5 year Triple Net Lease in place. The current owner renovated the building when purchased, and now features great outdoor dining spaces with stunning views of the river. Two floors of indoor restaurant space as well as an outdoor stage area means lots of opportunity for live entertainment and events. Purchase for instant cash flow potential .
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,722 SF
Building Class
C
Year Built
1984
Price
$1,995,000
Price Per SF
$349
Cap Rate
7.10%
NOI
$141,645
Tenancy
Single
Building Height
2 Stories
Building FAR
0.02
Lot Size
5.49 AC
Zoning
7
Parking
50 Spaces (8.74 Spaces per 1,000 SF Leased)
Amenities
- Waterfront
- Storage Space
PROPERTY TAXES
Parcel Number | 040-0A-00-005-0 | Improvements Assessment | $405,200 |
Land Assessment | $0 | Total Assessment | $405,200 |
PROPERTY TAXES
Parcel Number
040-0A-00-005-0
Land Assessment
$0
Improvements Assessment
$405,200
Total Assessment
$405,200
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700 Jordan Point Rd
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