For Sale
$350,000

401 Halifax St Emporia, VA 23847

Prime Downtown Location, High Rental Income

Overview

Added:
Feb 3
Days on market:
81
This stunning 10,150 square foot, three-story commercial building at 401 Halifax Street in Emporia, Virginia, presents a unique investment opportunity. Originally constructed in 1907, this architectural gem has been thoughtfully repurposed from a bank into a thriving retail and office space, currently generating rental income. The building boasts 24 rooms and 5 bathrooms, with the third floor awaiting creative development. The first floor features remarkable original wood appointments and early 20th-century partial tile flooring. A secure vault, complete with a combination to be provided to the new owner, adds a unique element. The property benefits from its location in the heart of Emporia's business district, just 1.6 miles from I-95 and one block from Business Highway 58. The Downtown District zoning and Enterprise Zone designation offer additional advantages. Currently, the building generates $2,000 per month in rental income, although not all spaces are currently occupied. The owner occupies the first floor, paying $1,650 per month in rent, a lease that would continue under new ownership. This property offers a blend of historical charm, modern functionality, and strong income potential, making it an exceptional investment in a vibrant commercial area. The building's proximity to the Emporia-Greensville Chamber of Commerce and other retail businesses, combined with a mix of residential properties in the area, ensures a strong and diverse customer base. The asking price is $350,000.

Property Details for 401 Halifax St

Property type
Commercial real estate
Square Feet
10,150 SF
Year Built
1907

Location Insight

City
Emporia
County
Emporia
State
Virginia
Latitude
36.69325
Longitude
-77.53667

FAQs

What type of property is this?
Commercial real estate - Prime Downtown Location, High Rental Income
Where is the commercial real estate located?
The property is located at 401 Halifax St Emporia, VA.
What is the asking price?
The asking price for this property is $350,000.
How can I contact the broker?
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401 Halifax St
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