Investment or Owner-User Opportunity: Standalone 2,400 sq. ft. Commercial Building
This versatile standalone 2,400 sq. ft. commercial building presents a prime investment or owner-user opportunity, located in a high-growth area. The property features two separate interior spaces:
Left Unit: Fully built-out restaurant space with a complete kitchen, including a hood system (48" deep X 120" long (4 ft x 10 ft), making it a turnkey opportunity for food service businesses.
Right Unit: Previously used as a salon, this flexible space is ideal for any retail or service-based business.
With the potential new casino coming to Petersburg, this property’s strategic location is perfect for capitalizing on the anticipated increase in traffic and economic activity. Whether you're an investor or a business owner looking to establish a presence in a thriving market, this property offers excellent value and long-term growth potential.
The projected lease rate is $15sf per year and would produce a ROI of 7.4%.