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701 W Broadway Ave 2,375 SF Retail Building Hopewell, VA 23860 $184,950 ($77.87/SF)


Executive Summary
Well-maintained 2-story office building on corner lot with excellent visibility and flexible B-2 zoning. This 2,080± sq ft building has served as a boutique real estate office for nearly 39 years and is ideal for professional, administrative, or service-based businesses. The property offers 4 off-street parking spaces plus ample on-street parking along both the main and side streets. Exterior features Dryvit siding, newer windows, and a new roof installed in May 2025. Interior updates include new carpet, LVP flooring, and paint (2020). Two-zone central A/C and gas heat replaced in 2020. First floor includes a welcoming reception area with safety glass, two private offices with built-in cabinetry, a spacious break room with cabinets and IT closet, storage room, restroom, and private rear entrance. Second floor offers a private office with floor-to-ceiling shelving, large open workspace ideal for training or cubicles, a front office with natural light (suitable for executive office or 4–5 cubicles), another flexible-use rear office, and an additional restroom. Currently leased through November 20, 2025. Great opportunity for an investor or owner-occupant planning ahead.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,375 SF
Building Class
C
Year Built
1950
Price
$184,950
Price Per SF
$77.87
Tenancy
Single
Building Height
2 Stories
Building FAR
0.96
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
B2
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 030-1505 | Improvements Assessment | $99,200 |
| Land Assessment | $12,100 | Total Assessment | $111,300 |
Property Taxes
Parcel Number
030-1505
Land Assessment
$12,100
Improvements Assessment
$99,200
Total Assessment
$111,300
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701 W Broadway Ave
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