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    712 Grove Ave Petersburg, VA 23803

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    For Sale
    $780,000

    Retail property with ample parking and short term rental potential.

    Property size:
    4,788 SF
    Lot size:
    0.15 Acres

    Property Features for 712 Grove Ave

    General Information

    Size
    4,788 SF
    Lot size
    0.15 Acres

    Source: One South Commercial Agent Justin Sledd

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

    Overview

    Redeveloped Retail Property with Parking

    This retail property, redeveloped in 2014, offers 4788 square feet of space. It is currently occupied by an NNN commercial tenant and presents short-term rental potential. The property benefits from ample parking and includes in-unit washer and dryer. The apartments are individually metered for electricity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Old Towne LP American Restaurant Campus Cuts Beauty Salon Foundation Sportz Cuts Barber Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -77.416015
    Latitude
    37.230906

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    FAQs

    What type of property is this?
    Retail space - Retail property with ample parking and short term rental potential.
    Where is this retail space located?
    The property is located at 712 Grove Ave Petersburg, VA.
    What is the asking price?
    The asking price for this property is $780,000.
    What are key features of this property?
    This property features: - NNN commercial tenant in place; - Short term rental potential; - Ample parking available
    (804) 353-0009
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    712 Grove Ave 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
    712 Grove Ave Petersburg, VA 23803
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