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    2026 Washington St Petersburg, VA 23803

    For Sale
    $225,000

    High-Visibility, Two-Building Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This prime commercial property, located at 2026 E Washington Street in Petersburg, VA, presents a unique investment opportunity. The property consists of two detached buildings totaling 1,680 square feet, situated on a 0.16-acre lot on the highly trafficked Washington Street. Its prominent location ensures maximum visibility and accessibility, making it ideal for a variety of businesses. Both buildings are in need of renovation, offering a blank canvas for customization to suit specific business needs. The flexible space allows for diverse uses, including retail, office space, or a mixed-use configuration. This presents an excellent chance to create a profitable venture tailored to your vision. The asking price is $225,000. The property's high-traffic location and substantial square footage make it a compelling investment prospect for entrepreneurs and investors alike. The potential for significant return on investment is substantial, given the opportunity to renovate and tailor the space to meet current market demands. This is a rare chance to acquire a well-positioned commercial property in a vibrant area with significant growth potential. Serious inquiries are encouraged.

    Property Features for 2026 Washington St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1951
    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
    -77.37006
    Latitude
    37.23892

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility, Two-Building Opportunity
    Where is this commercial real estate located?
    The property is located at 2026 Washington St Petersburg, VA.
    What is the asking price?
    The asking price for this property is $225,000.
    (855) 450-0442
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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
    2026 Washington St Petersburg, VA 23803
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