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    2016 E Washington St S Chesterfld Petersburg, VA 23803

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    For Sale
    $115,000

    Commercial condo for sale in a growing Petersburg, VA area.

    Property size:
    1 SF

    Property Features for 2016 E Washington St S Chesterfld

    General Information

    Size
    1 SF

    Building Details

    Year built
    1972

    Source: David Burks Agent David Burks

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Condo in Petersburg, VA

    This commercial condo, Unit 2016, is available for sale. The property is located at 2014-2018 E. Washington Street in Petersburg, VA. The unit is part of a well-maintained, three-unit commercial condo property. Situated in a rapidly developing area, this middle unit is flanked by established occupants: Unit 2014, owned by Holy Ground Ministers, and Unit 2018, currently occupied by Entrust Mechanical Heating and Air. With a newly proposed casino approximately 11 miles away, the area is anticipated to experience significant growth, potentially making this property a suitable investment.
    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
    -77.4375667
    Latitude
    37.2182225

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    FAQs

    What type of property is this?
    Office space - Commercial condo for sale in a growing Petersburg, VA area.
    Where is this office space located?
    The property is located at 2016 E Washington St S Chesterfld Petersburg, VA.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - Prime commercial condo unit in a rapidly developing area of Petersburg, VA.; - Located in a well-maintained, three-unit commercial condo property.; - Stable occupants flank the unit: Holy Ground Ministers and Entrust Mechanical Heating and Air.
    (804) 366-2754
    Request Owner's contact information
    2016 E Washington St S Chesterfld 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 E Washington St S Chesterfld Petersburg, VA 23803
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