RETAIL FOR SALE FOR SALE OR LEASE SF RETAIL SHOWROOM AND SHOP SPACE Oaklawn Blvd, Hopewell, VA PROPERTY OVERVIEW PROPERTY FEATURES
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1 RETAIL FOR SALE FOR SALE OR LEASE SF RETAIL SHOWROOM AND SHOP SPACE 2313 Oaklawn Blvd, Hopewell, VA SALE PRICE: $350,000 PROPERTY TYPE: Retail/Industrial LOT SIZE: 0.88 Acres BUILDING SIZE: 7,519 SF YEAR BUILT: 1976 ZONING: B3 PROPERTY OVERVIEW For Sale or lease, a cross-commercial property with 2-3 buildings on site totaling 7,519 SF. As a former carpet store and retail showroom, there are a number of retail uses for this highly visible location. Additionally, this site is also ideal for a light industrial use, cabinet/ carpentry, contractor yard, auto services, etc. Its is currently fully-leased on MTM basis. Buy it for the cash-flow, or relocate your growing business! PROPERTY FEATURES Strong location, high traffic count on Oaklawn Blvd Over 7,000 SF of retail showroom/shop space Fenced rear yard, and paved asphalt lot with ample parking B3 zoning allows for a number of retail or light industrial uses - Auto related as well! Close to national franchises , Dominos, Rite-Aide, GNC CROSS STREETS: Poplar Street KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director bplasha@kwcommercial.com DENNIS SHUBERT Associate Director - Investment Sales dshubert@kwcommercial.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
2 RETAIL FOR SALE FOR SALE OR LEASE SF RETAIL SHOWROOM AND SHOP SPACE 2313 Oaklawn Blvd, Hopewell, VA PROPERTY OVERVIEW For Sale or Lease, a cross-commercial property with 2-3 buildings on site totaling 7,519 SF. As a former carpet store and retail showroom, there are a number of retail uses for this highly visible location. Additionally, this site is also ideal for a light industrial use, cabinet/carpentry, contractor yard, auto services, etc. Its is currently fully-leased on MTM basis. Buy it for the cash-flow, or relocate your growing business. The site is very flexible in it's layout, with an appealing front showroom space and a secure rear yard, enclosed with a fence. LOCATION OVERVIEW Property located between Oaklawn Blvd and Poplar Street just one block from Winston Churchill Drive (RT 36) in Hopewell, VA HIGHEST AND BEST POSSIBLE USE Constructed as a retail carpet store and showroom, the 7500 of space can accommodate a number of B3 approved uses - including some auto-related services. Other ideal uses include a contractor yard, supporting the skilled-trades as a plumbing or electrical contractor shop, cabinetry, or countertop construction, audio and technology install spaces, etc. Given the strong location and vehicle count, a small-mid sized auto dealer or auto-services concern would be permitted under the B3 zoning. KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director bplasha@kwcommercial.com DENNIS SHUBERT Associate Director - Investment Sales dshubert@kwcommercial.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
3 RETAIL FOR SALE FOR SALE OR LEASE SF RETAIL WITH SHOWROOM AND SHOP SPACE 2313 Oaklawn Blvd, Hopewell, VA KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director bplasha@kwcommercial.com DENNIS SHUBERT Associate Director - Investment Sales dshubert@kwcommercial.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
4 RETAIL FOR SALE FOR SALE OR LEASE SF RETAIL SHOWROOM AND SHOP SPACE 2313 Oaklawn Blvd, Hopewell, VA PROPERTY NAME: For Sale or Lease SF Retail Showroom and Shop Space STREET ADDRESS: 2313 Oaklawn Blvd CITY, STATE, ZIP: Hopewell, VA PROPERTY TYPE: Retail PROPERTY SUBTYPE: Industrial APN: ZONING: B3 BLDG 1 YR BUILT:1976 BLDG 1 SQUARE FOOTAGE: 6,243 SF BLDG 2 YR BUILT:1985 BLDG 2 SQUARE FOOTAGE: 1,276 SF KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director bplasha@kwcommercial.com DENNIS SHUBERT Associate Director - Investment Sales dshubert@kwcommercial.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
5 RETAIL FOR SALE FOR SALE OR LEASE SF RETAIL WITH SHOWROOM AND SHOP SPACE 2313 Oaklawn Blvd, Hopewell, VA KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director bplasha@kwcommercial.com DENNIS SHUBERT Associate Director - Investment Sales dshubert@kwcommercial.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
6 RETAIL FOR SALE FOR SALE OR LEASE SF RETAIL WITH SHOWROOM AND SHOP SPACE 2313 Oaklawn Blvd, Hopewell, VA KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director bplasha@kwcommercial.com DENNIS SHUBERT Associate Director - Investment Sales dshubert@kwcommercial.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
7 RETAIL FOR SALE FOR SALE OR LEASE SF RETAIL WITH SHOWROOM AND SHOP SPACE 2313 Oaklawn Blvd, Hopewell, VA KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director bplasha@kwcommercial.com DENNIS SHUBERT Associate Director - Investment Sales dshubert@kwcommercial.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
8 RETAIL FOR SALE FOR SALE OR LEASE SF RETAIL WITH SHOWROOM AND SHOP SPACE 2313 Oaklawn Blvd, Hopewell, VA POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 9,510 35,664 56,188 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 3,864 13,534 19,070 # OF PERSONS PER HH AVERAGE HH INCOME $41,271 $50,478 $59,242 AVERAGE HOUSE VALUE $127,398 $165,474 $193,697 RACE 1 MILE 3 MILES 5 MILES % WHITE 55.6% 60.7% 60.3% % BLACK 42.8% 36.2% 35.3% % ASIAN 0.4% 1.0% 1.8% % HAWAIIAN 0.0% 0.0% 0.1% % INDIAN 0.0% 0.2% 0.4% % OTHER 0.5% 0.7% 0.7% ETHNICITY 1 MILE 3 MILES 5 MILES % HISPANIC 7.0% 5.7% 5.9% * Demographic data derived from 2010 US Census KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director bplasha@kwcommercial.com DENNIS SHUBERT Associate Director - Investment Sales dshubert@kwcommercial.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
9 RETAIL FOR SALE FOR SALE OR LEASE SF RETAIL WITH SHOWROOM AND SHOP SPACE 2313 Oaklawn Blvd, Hopewell, VA Oaklawn Blvd KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director bplasha@kwcommercial.com DENNIS SHUBERT Associate Director - Investment Sales dshubert@kwcommercial.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
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13 ARTICLE XI. - HIGHWAY COMMERCIAL DISTRICT (B-3) Statement of intent. [12] This district is intended to provide sufficient space in appropriate locations for a wide variety of commercial and miscellaneous service activities, generally serving a wide area and located particularly along certain existing major thoroughfares where a general mixture of commercial and service activity now exists, but which uses are not characterized by extensive warehousing, frequent heavy trucking activity, open storage of materials or the nuisance factors of dust, odor, and noise associated with manufacturing. This includes such uses as retail stores, banks, business offices, drive-in restaurants and automobile sales and service facilities. A. - Use regulations. Structures to be erected and land to be used shall be for the following uses: Accounting and tax preparation services. Apartments, on the second and subsequent floors of commercial/office use, provided that each unit contains at least six hundred (600) gross square feet. Appliance sale and repair. Assisted living facility. Automobile and truck sales and service establishments, and rental agencies, provided that vehicles lifts and pits, dismantled and wrecked automobiles and all parts and supplies be located within a building enclosed on all sides and provided that all service and repair of motor vehicles be conducted in a building enclosed on all sides. Automotive parts stores. Bakery. Barber shops and beauty parlors. Bookstores, except adult bookstores. Building supplies and service with storage under cover. Car washes. Catering and prepared foods.
14 Causal and formal wear stores. Churches. Cigarette, cigar and tobacco retail distributor. Clubs and lodges with a special exception issued by the board of zoning appeals. Commercial banks and financial institutions, not to include check cashing or payday loan establishments. Compounding, assembly or treatment of woods and cabinet making with a special exception issued by the board of zoning appeals. Contractors' establishments and display rooms, where business is conducted entirely within a completely enclosed building and where there is no storage of supplies or equipment outside the building. Convenience stores, with gasoline. Convenience stores, without gasoline. Craft beer/tap room. Day nurseries and child care centers. Delicatessen. Driver's education establishment. Fire stations and rescue squads. Fitness center or gym. Florist. Funeral homes. Furniture store. Grocery store. Hardware and feed store. Hospitals. Hotels and motels. Ice cream parlor. Institutions of higher learning. Insurance agency. Laundry and dry cleaning. Libraries.
15 Machinery rental, sales, and service provided that service is conducted in a completely enclosed building; unless a conditional use permit is issued by city council. Medical and dental offices. Microbrewery/restaurant. Municipal and private utilities. Museums and art galleries. Newspaper office buildings, including printing and publishing facilities incidental to such uses. Night clubs and dance halls. Nursing homes. Off-street parking as required in article XVIII of this ordinance. Office and business supply store. Parking garages and parking lots. Pawn shop, with a conditional use permit issued by city council. Pest control and extermination services. Pet shops and supplies, excluding boarding kennels. Pharmacy. Philanthropic and charitable institutions. Plant nurseries and greenhouses. Radio or television broadcasting stations, studios, or offices. Repair services or businesses provided that all repairs take place within a completely enclosed building. Restaurants. Real estate agency. Sports facilities, indoors. Sports facilities, outdoors, with a conditional use permit issued by city council. Sporting goods and hunting supply stores. Schools, special. Self-service storage facility, with conditional use permit. The following conditions shall apply to all self-storage facilities:
16 a. b. c. d. e. f. g. All operations, activities and storage shall be conducted within a completely enclosed building; The leasing office must have a brick facade; Commercial activities being run in and out of storage units shall be prohibited; Storage of feed, fertilizer, grain, soil conditioners, pesticides, chemicals, explosives and other hazardous materials, asphalt, brick, cement, gravel, rock, sand and similar construction materials, inoperable vehicles, or bulk storage of fuels shall be prohibited; Self-service storage facilities may not be located on land abutting a residential district or use; Storage of boats, recreational vehicles, and motor vehicles shall be prohibited; and All building façades abutting public right-of-ways shall have a brick façade Tailor and seamstress. Tattoo parlors and body piercing establishments, with a conditional use permit issued by city council. Telecommunications towers or antenna for wireless transmission above the frequency of twenty thousand (20,000) hertz (hz), with a conditional use permit issued by city council. Theaters, motion picture theaters and assembly halls but excluding driveins. Veterinary hospitals. Video rental stores, not to include adult video establishments. Wholesale businesses. B. - Area regulations. 1. For each main building containing or intended to contain one (1) or more permitted uses, there shall be a minimum lot area of five thousand (5,000) square feet. 2.
17 For each apartment on the second or subsequent floors of a commercial/office use, there shall be a minimum lot area of one thousand (1,000) square feet per dwelling unit. This is not in addition to the five thousand (5,000) square foot minimum lot area required above. C. - Lot width regulations. The minimum lot width for all permitted uses and uses requiring a conditional use permit shall be fifty (50) feet. D. - Setback regulations. Structures shall be located forty (40) feet from any street or highway or from any street or highway right-of-way; except that if there are two (2) abutting lots with structures on each, then no building shall be set back more than the average setback of the two (2). This shall be known as the "setback line." E. - Yard regulations Side. Each main structure shall have at least one (1) side yard of at least ten (10) feet; except that when such use abuts a residential district, there shall be a side yard of ten (10) feet. Rear. Each main structure shall have a rear yard of at least twenty-five (25) feet. F. - Height regulations. Buildings may be erected up to forty-five (45) feet from grade except that church spires, belfries, cupolas, chimneys, flues, flag poles, television antennae, radio aerials, and equipment penthouses are exempt from the provisions of this section. G. - Special provision for corner lots Of the two (2) sides of a corner lot, the front shall be deemed to be the shortest of the two (2) sides fronting on streets except that when one (1) street has more than twice the traffic volume of the other, the side facing the street with the highest traffic volume shall be deemed to be the front. The side yard facing the side street shall be twenty (20) feet for both main buildings and trash receptacles.
18 H. - Requirements for permitted uses. Before a building permit shall be issued or construction commenced on any permitted use in this district or a permit issued for a new use, all requirements of article XVI, site plan requirements, shall be met.
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