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    2018 Washington St Petersburg, VA 23803

    For Sale
    $189,999

    1,500 sq ft, 5 rooms, 2 baths, new roof.

    Property size:
    1,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 1,500-square-foot commercial property at 2018 E Washington Street in Petersburg, Virginia, presents a unique investment opportunity. Situated on a main thoroughfare, this well-established three-unit building offers high visibility and accessibility. The property boasts five rooms and two full bathrooms, providing ample space for a variety of commercial uses. A significant advantage is the newly installed roof in 2023, eliminating immediate roof replacement costs. The property's prime location is further enhanced by the recent announcement of a casino development in Petersburg, promising increased foot traffic and economic growth in the area. This presents a compelling opportunity for entrepreneurs seeking a versatile space to establish their business. Potential uses include, but are not limited to, office space, retail storefront, daycare center, restaurant, or studio. The property is priced at $189,999 and offers significant potential for return on investment in the coming years. This is a rare chance to secure a well-maintained commercial space in a rapidly developing area. Don't miss this chance to own a piece of Petersburg's exciting future.

    Property Features for 2018 Washington St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,500 SF

    Building Details

    Year Built
    1972
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Petersburg
    State
    Virginia
    Longitude
    -77.37018
    Latitude
    37.23885

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    FAQs

    What type of property is this?
    Commercial real estate - 1,500 sq ft, 5 rooms, 2 baths, new roof.
    Where is this commercial real estate located?
    The property is located at 2018 Washington St Petersburg, VA.
    What is the asking price?
    The asking price for this property is $189,999.
    (804) 524-9001
    Request Owner's contact information
    2018 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
    2018 Washington St Petersburg, VA 23803
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