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256 Broadway

5,278 SF 100% Leased Retail Building Hopewell, VA 23860 $940,225 CAD ($178 CAD/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
$940,225 CAD
Price Per SF
$178 CAD
Cap Rate
8.01%
NOI
$75,290 CAD
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 $267,489 CAD
Land Assessment $23,402 CAD Total Assessment $290,891 CAD

PROPERTY TAXES

Parcel Number
080-0460
Land Assessment
$23,402 CAD
Improvements Assessment
$267,489 CAD
Total Assessment
$290,891 CAD
(804) 920-0615

CONTACT

  • Listing ID: 26285994

  • Date on Market: 2022-07-29

  • Last Updated:

  • Address: 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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