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Great opportunity to move an expanding business to the City of Hopewell or to buy as an investment. This 7-room commercial building currently is currently leased at $1,800 until the end of June 2025 and offers loads of potential for the next user. Renovated in 2023 with the following repairs: fresh paint, new flooring, new commercial ADA compliant bathroom, rebuilt half-bathroom, replacement tankless HW heater, new rear ramp, new front door, new kitchen with new cabinets, countertops, appliances, etc., new paved parking lot with 11 paved parking spots one of which includes an ADA-compliant spot. New roof installed in 2024. Property has several upgrades including replacement windows, 200-amp electrical service, and central heat/air. Conveniently located in downtown Hopewell within walking distance to the Beacon Theatre, Hopewell Government Offices, Hopewell Courthouse, local coffee shop, Truist Bank, dining, Hopewell Riverwalk, John Randolph Medical Center, and more! Located in Virginia Opportunity Zone, Enterprise Zone, and HUBZone. B-1 zoning offers 80+ uses currently and the zoning ordinance was revised in 2024. Owner/agent. Owner will consider long-term lease or lease with an option to buy offers.
| DAYS ON MARKET | 24 | LAST UPDATED | 5/6/2025 |
|---|---|---|---|
| YEAR BUILT | 1916 | COMMUNITY | 56 - Hopewell |
| COUNTY | Hopewell | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to May 6, '25 | $239,900 |
|---|---|
| May 6, '25 - Today | $229,900 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 56 - Hopewell |
| CONSTRUCTION | Brick |
| EXTERIOR | Other |
| LOT | 8712 sq ft |
| LOT DIMENSIONS | 60x150 |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Public |
| ZONING | B1 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with 804 Real Estate, LLC
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Last Updated: 5/18/25 11:05 PM PDT
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