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First National Bank 401 Halifax St 14,025 SF 100% Leased Office Building Emporia, VA 23847 $299,995 ($21.39/SF)
INVESTMENT HIGHLIGHTS
- Historic Belfield District, preliminary approval Historic Register, Enterprise Zone
EXECUTIVE SUMMARY
HISTORIC BELFIELD DISTRICT, ENTERPRISE ZONE, PROPERTY MEETS ELIGIBILITY FOR POTENTIAL INCLUSION IN NATIONAL REGISTER OF HISTORIC PLACES & VIRGINIA LANDMARKS REGISTER. The 1907 Bank Building is an architectural beauty! Repurposed from a thriving bank to a retail and office province in the heart of an Emporia Business District. A 3-story building with 24 rooms, 5 bathrooms and a 3rd floor waiting for its creation has current income from rent, owner has first floor for their businesses. Beautiful wood appointments are remarkable on the 1st floor, early Century partial tile floor, Vault that does lock, new owner gets the combination! Architecture is driven by three factors: function, budget, and style--this one fits all criteria. Halifax Street is home of the Emporia-Greensville Chamber of Commerce, many retail businesses with a mix of residential. Located 1.6 miles from I-95 & 1 block from Business Hwy 58. Downtown District zoning, Enterprise Zone. Building only, business not included. Seller willing to rent 1st floor $1200/month. APPRAISAL $310,000.00
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$40,200
|
$2.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$40,200
|
$2.87
|
| Taxes |
$1,400
|
$0.10
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,400
|
$0.10
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $40,200 |
| Annual Per SF | $2.87 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $40,200 |
| Annual Per SF | $2.87 |
| Taxes | |
|---|---|
| Annual | $1,400 |
| Annual Per SF | $0.10 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,400 |
| Annual Per SF | $0.10 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Building Size
14,025 SF
Building Class
C
Year Built/Renovated
1907/2009
Price
$299,995
Price Per SF
$21.39
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,114 SF
Slab To Slab
11’
Building FAR
1.93
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
Com - DOWNTOWN DISTRICT--SEE ATTACHMENT
AMENITIES
- Central Heating
- Air Conditioning
1 1
PROPERTY TAXES
| Parcel Number | 143A040 | Total Assessment | $147,700 (2024) |
| Land Assessment | $15,300 (2024) | Annual Taxes | $1,400 ($0.10/SF) |
| Improvements Assessment | $132,400 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
143A040
Land Assessment
$15,300 (2024)
Improvements Assessment
$132,400 (2024)
Total Assessment
$147,700 (2024)
Annual Taxes
$1,400 ($0.10/SF)
Tax Year
2025
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First National Bank | 401 Halifax St
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