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Bank Branch Downtown 101 E City Point Rd 3,846 SF Retail Building Hopewell, VA 23860 $711,194 CAD ($184.92 CAD/SF)
Investment Highlights
- The property is located in both the Enterprise and Opportunity Zones.
- Numerous destination eateries are located nearby including Waves Sandwich Company and Brew and Saucys BBQ.
- Historic Beacon Theatre, City Hall, and the General District Court House are within easy walking distance.
- The 2024 population is 5,218 and household income of $54,479 within a 1 mile radius.
Executive Summary
The City of Hopewell is excited to present this retail with drive through investment opportunity located in historic Downtown Hopewell for sale/lease. The property is .53 acres on the corner of Main Street and City Point Road. This former BOA bank branch building was constructed in the late 1970s. The property is positioned on the City of Hopewell General District Courthouse triangle block in the heart of downtown. Located in both the Enterprise and Opportunity Zone this property provides a unique opportunity for redevelopment at the lowest net cost. Property is being marketed for sale or lease.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,846 SF
Building Class
C
Year Built
1977
Price
$711,194 CAD
Price Per SF
$184.92 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.55 AC
Opportunity Zone
Yes
Zoning
B1 - The Central Business District is intended to provide an urban mix of retail, office, service, hotel, residential,
and civic functions for the City.
Parking
12 Spaces (3.12 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Banking
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Fiber Optic Internet
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 3,846 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,846 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 3,846 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Somewhat walkable
30/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 080-0060 | Improvements Assessment | $802,102 CAD |
| Land Assessment | $234,220 CAD | Total Assessment | $1,036,323 CAD |
Property Taxes
Parcel Number
080-0060
Land Assessment
$234,220 CAD
Improvements Assessment
$802,102 CAD
Total Assessment
$1,036,323 CAD
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Bank Branch Downtown | 101 E City Point Rd
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