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$ 995,000
Est. payment | /mo
10,578 SqFt
$ 995,000
Est. payment | /mo
10,578 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,578 sqft
Price per Sqft $94
MLS Listing ID 2605411
HOA Y/N No
Year Built 1950
Property Description
This 10,578 SF five-bay retail center located along highly traveled S Crater Road in Petersburg offers an outstanding opportunity for both investors and owner-occupants seeking visibility, flexibility, and long-term growth. Currently approximately 50% leased, the property provides immediate income while allowing a future user to occupy a significant portion of the center. The versatile layout supports a wide range of uses including retail, restaurant, personal service, office, and medical office, making it well suited for businesses looking to expand or establish a strong presence in a dynamic and growing trade area. The center features easy walk-up access, prominent signage opportunities, and excellent frontage along one of the area's primary commercial corridors. Ideally positioned less than a mile from the highly anticipated Live! Casino & Hotel Virginia and in close proximity to Fort Gregg-Adams, the property benefits from strong daytime population, workforce density, and increasing regional investment. Located within an Opportunity Zone and offering convenient access to I-95 and downtown Petersburg, this asset presents a compelling combination of stable income, upside through lease-up, and long-term appreciation potential. This is an exceptional opportunity for a company seeking growth, high visibility, and accessibility in a market poised for continued revitalization.
Location
State VA
County Petersburg
Area 57 - Petersburg
Interior
Cooling Central Air
Exterior
Roof Type Flat
Topography Level
Handicap Access Accessibility Features
Building
Lot Description Level
Building Description Brick, Multi-Tenant,No Elevators
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Others
Tax ID 065-110002
Ownership Investment,Owner-User
Listed by One South Commercial LLC
Schools and Properties Nearby
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