Hopewell, TN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Hopewell, Tennessee Market population: 22K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Hopewell VA Properties: 1.1700%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Hopewell VA
Common questions from investors exploring commercial real estate in Hopewell VA.
What is the overall investment potential of Hopewell, VA, considering its demographic and economic factors?
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The city's median household income of $37,933, combined with a poverty rate of 21.6% and a high health insurance coverage of 89.2%, suggests a relatively stable market with a mix of working-class and middle-class residents. The top industries, including Public Administration and Wholesale Trade, contribute to the local economy, while the median property value of $139,400 and median property taxes of $4,419 indicate a relatively affordable housing market. Additionally, the diverse population with top ethnicities including White, White Non-Hispanic, and Black, contributes to a vibrant community.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Hopewell, VA?
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The average commute time of 21.4 minutes, which is relatively short, and the top commute methods of Drove Alone, Carpooled, and Worked At Home, indicate a convenient and flexible transportation infrastructure. This, combined with the high health insurance coverage and a median age of 36.2, suggests a population with a good work-life balance and access to necessary services, making it an attractive location for renters and residents alike.
What are the implications of the poverty rate and income inequality on the rental market and tenant quality in Hopewell, VA?
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The poverty rate of 21.6% and a GINI coefficient of 0.417 indicate a level of income inequality, which may impact the rental market and tenant quality. However, the high health insurance coverage of 89.2% and a relatively low average commute time suggest that many residents have access to employment and necessary services, which can contribute to a more stable tenant base. Additionally, the top industries and employed population of 8,691 contribute to the local economy and job market.
How does the ethnic diversity and industry mix in Hopewell, VA impact the demand for housing and rental properties?
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The diverse population with top ethnicities including White, White Non-Hispanic, and Black, contributes to a vibrant community with a range of cultural and economic backgrounds. The top industries, including Public Administration, Wholesale Trade, and Information, attract a mix of professionals and workers, driving demand for housing and rental properties. This diversity, combined with the relatively affordable median property value and median property taxes, makes Hopewell, VA an attractive location for investors and renters alike.
What are the key factors to consider when evaluating the potential return on investment (ROI) for real estate investments in Hopewell, VA?
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When evaluating the potential ROI for real estate investments in Hopewell, VA, key factors to consider include the median property value of $139,400, median property taxes of $4,419, and the homeownership rate of 51.3%. Additionally, the poverty rate, health insurance coverage, and commute time can impact the rental market and tenant quality, while the top industries and employed population contribute to the local economy and job market. By considering these factors, investors can make informed decisions about the potential ROI for their investments in Hopewell, VA.
Hopewell VA Real Estate & City Facts
Key facts and real estate information about Hopewell VA.
What are some of the best neighborhoods to live in Hopewell?
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Some of the best neighborhoods to live in Hopewell, VA are Cobble Stone, Hopewell Meadow, Weston Estates, and Prince George. These neighborhoods are known for their clean and well-kept streets, strong sense of community, and family-friendly atmosphere. However, it's worth noting that some areas in Hopewell have higher crime rates and less desirable amenities, so it's essential to research and visit each neighborhood before making a decision.
What are some fun things to do in Hopewell?
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There are plenty of fun things to do in Hopewell, VA, including visiting the Appomattox Regional Library, Ashford Civic Plaza, Beacon Theatre, and Big H. You can also explore the Hopewell Riverwalk, go ziplining or hiking at Tree Time Adventures, or visit the Keystone Antique Truck and Tractor Museum. Additionally, the city hosts various festivals and events throughout the year, such as the Hopewell Food and Wine Festival.
What is the food scene like in Hopewell?
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The food scene in Hopewell, VA is diverse and offers a range of options, from fine dining to casual eateries. Some popular restaurants include The Boathouse at City Point, Saucy's Barbecue, Rosa's Italian Ristorante, and Omega Bar & Grill. There are also plenty of great food trucks and festivals to explore, such as the Hopewell Food Truck Festival. However, some residents have noted that the city could benefit from more dining options and a greater variety of cuisines.
What are the pros and cons of living in Hopewell?
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The pros of living in Hopewell, VA include its affordable housing, strong sense of community, and plenty of outdoor recreational activities. However, some cons include higher crime rates in certain areas, limited job opportunities, and a need for more amenities and services. Additionally, some residents have noted that the city's public schools could be improved. Overall, Hopewell is a great option for those looking for a small-town feel with easy access to larger cities like Richmond.
Is Hopewell a good place to live?
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Hopewell, VA can be a good place to live for those who value a small-town atmosphere, outdoor recreation, and a strong sense of community. While it may have its drawbacks, such as higher crime rates and limited job opportunities, the city is working to improve these areas and offer more amenities and services to its residents. Ultimately, whether Hopewell is a good place to live depends on your individual priorities and preferences. It's essential to visit the city, talk to residents, and weigh the pros and cons before making a decision.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Hopewell VA Commercial Property: $37,933
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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