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    2016 Washington St Petersburg, VA 23803

    For Sale
    $180,000

    Prime Petersburg location, ready for your business.

    Property size:
    1,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This versatile 1,500 square foot commercial condo, located at 2016 E Washington Street in Petersburg, Virginia, presents a unique opportunity for entrepreneurs and investors. Situated in a well-established three-unit building, this middle unit boasts a freshly remodeled interior, offering a blank canvas for customization. The property sits on a 0.08-acre lot and is priced at $180,000. Recent upgrades include a brand-new roof and new exterior siding on both the front and back of the building. The interior has been finished to a dark shell condition, providing a clean and open space ideal for a variety of commercial uses. This allows for complete flexibility in design and build-out to perfectly suit the needs of the new owner. Whether you envision a modern office space, a vibrant retail shop, or a unique workspace, this property offers endless potential. Its central Petersburg location ensures high visibility and accessibility, making it an attractive option for businesses seeking a thriving commercial environment. The property's size and condition make it an excellent investment opportunity with significant upside potential. Don't miss this chance to acquire a move-in ready commercial space in a desirable location.

    Property Features for 2016 Washington St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,500 SF
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1972
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    bp Gas Station CoinFlip Bitcoin ATM Atm Fat Boy's Food ... Grocery Store ATM (BP) Atm

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy Auto Repair Shop Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Petersburg
    State
    Virginia
    Longitude
    -77.37026
    Latitude
    37.23885

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Petersburg location, ready for your business.
    Where is this commercial real estate located?
    The property is located at 2016 Washington St Petersburg, VA.
    What is the asking price?
    The asking price for this property is $180,000.
    (757) 229-9595
    Request Owner's contact information
    2016 Washington St Petersburg, VA 23803
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    Petersburg, VA 23803
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2016 Washington St Petersburg, VA 23803
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