2019 E Washington St - Freestanding FOR SALE


Petersburg, VA 23803
$379,000 USD
757-585-2959
2019 E Washington St, Petersburg, VA for Sale
$379,000 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

2019 E Washington St
Petersburg, VA 23803


HIGHLIGHTS

  • Standalone 2,400 sq. ft. Commercial Building can be used for any retail or office use.
  • Two Interior Spaces one fully built out as a Restaurant
  • Strategic Location Near Potential New Casino

OVERVIEW

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%.

FOR SALE DETAILS

PRICE

$379,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

B-2

APN/PARCEL ID

004-060005

ASK ABOUT THIS PROPERTY

David BurksColdwell Banker Commercial Brooks Real EstateMore Info
757-585-2959

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David BurksColdwell Banker Commercial Brooks Real EstateMore Info
757-585-2959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.