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    2018 E Washington St Petersburg, VA 23803

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    For Sale
    $115,000

    Commercial condo for sale in a growing Petersburg location.

    Property size:
    1,500 SF
    Lot size:
    0.32 Acres

    Property Features for 2018 E Washington St

    General Information

    Size
    1,500 SF
    Lot size
    0.32 Acres

    Source: CBC Brooks Real Estate 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 purchase within a three-unit property located at 2014-2018 E. Washington Street, Petersburg, VA. The property is situated in a rapidly developing area. The unit is flanked by Unit 2014, owned by Holy Ground Ministers, and Unit 2018, occupied by Entrust Mechanical Heating and Air. The property offers 1500 square feet of space. The location is approximately 11 miles from a newly proposed casino, suggesting potential for area growth, making this property an investment opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    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
    -77.3701765
    Latitude
    37.2388594

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    FAQs

    What type of property is this?
    Office space - Commercial condo for sale in a growing Petersburg location.
    Where is this office space located?
    The property is located at 2018 E Washington St 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 in a growing area of Petersburg, VA.; - Located in a well-maintained, three-unit commercial condo property.; - Potential for significant growth due to a newly proposed casino 11 miles away.
    (757) 229-1507
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    2018 E 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 E Washington St Petersburg, VA 23803
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