2709 Oaklawn Boulevard Hopewell, VA ^$ 175,000

2709 Oaklawn Boulevard

^$ 175,000

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2709 Oaklawn Boulevard

Hopewell, VA, 23860

^$ 175,000

Studio Baths0.0 Sq 2,195

Monthly Estimate*

^$ 1,222

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Studio

Commercial Property for sale in Hopewell, VA

for $175,000. This 2,195 square foot building was built in 1926 on a lot size of 0.22.

This is a phenomenal opportunity to purchase a 2,195 square foot commercial building with a 10 car parking lot. Currently operating as an assisted living facility at maximum capacity (7 residents) & grossing $18,000 a month in income. The net income is $13,075. This building is in great condition & features; LOW MAINTENACE VINYL SIDING, energy efficient replacement VINYL WINDOWS, DUAL ZONE heating & cooling with a gas furnace/central air & mini split system, Luxury Vinyl Plank flooring & more! The building is available for purchase without the current business operation for $175,000.

Commercial Pending

Price

^$ 175,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial Sale

Lot Size

0.22

Year Built

1926

Town/City

Hopewell

County/Region

Hopewell City

MLS | Web ID

2411113

Features

General

Sewer PublicSewer

Heating ForcedAir HeatPump Zoned

Cooling CentralAir

Possession CloseOfEscrow

Roof Shingle

Construction Materials MetalSiding VinylSiding

Year Built 1926

Stories 1

Topography Level

Levels One

Percent Ownership Owner-User

Accessibility AccessibilityFeatures

County Hopewell

Net Operating Income 4925.0

Operating Expense 4925.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Building Features SingleTenant

Status Pending

Directions GPS

View Y/N N

Senior Community Y/N N

Zoning Description B3

MLS Area 56 - Hopewell

Waterfront Y/N N

Carport Y/N N

Street Name Oaklawn

Property Attached Y/N N

Year Built Details Actual

Land Lease Y/N N

Home Warranty Y/N N

Property Condition GoodCondition

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 18

Standard Status Pending

Tax Assessed Value 150200

Tax Lot 10

Cap Rate 5.8

Exterior

Fencing None

Lot Features ConservationArea Level

Water Source Public

Total Parking 10.0

Lot Size Area 0.22

Spa N

Building Area Total 2195.0

Lot Size Acres 0.22

Lot Size Units Acres

Crops Included Y/N N

Road Responsibility PublicMaintainedRoad

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

Street Suffix Boulevard

Electric On Property Y/N N

Total Baths 0

* Excluded Features

List By

James Nay

Listing Agent

River City Elite Properties

Broker

james@jamesnay.com

Affordability Calculator

$1,222

Per Month

Monthly Principal & Interest: $1,222
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Hopewell, VA

Average List Price ^$248,817

Percent of Sale Price 42%

About Hopewell, VA

22,838 Population

2% Since 2002

^$40,933 Median Income

37.69 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1821039 Elementary School

1821205 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/3/2024	$175,000		Listed Price

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2709 Oaklawn Boulevard, Hopewell, VA, 23860 is a Commercial Property for sale at $175,000 with 2,195 sqft and a lot size of 0.22. 2709 Oaklawn Boulevard is a studio with 0.0 baths and was built in 1926. The property's zip code is 23860 which is in Hopewell, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Properties marked with the CVRMLS icon are provided courtesy of Central Virginia Regional Multiple Listing Service, LLC and detailed information about them includes the name of the listing brokers.

The multiple listing information is provided by Central Virginia Regional Multiple Listing Service, LLC from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/20/2024.

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2709 Oaklawn Boulevard

Commercial Property for sale in Hopewell, VA

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