Petersburg Retail Center on
For Sale
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2825 S Crater Rd, Petersburg, VA 23805
Five-bay retail center with high visibility and growth potential.
Property Size10,578 SF
Price / SF$94.06
Days on Market206
Property Features for 2825 S Crater Rd
General Information
Standard status
Active
Size
10,578 SF
Property subtype
Office, Retail
Zoning
B-2
Occupancy
50%
Building Details
Year Built
1950
Buildings
1
Stories
1
Listing Agency:
One South Commercial
Listed By:
Tom Rosman · License #VA 0225030879
(804) 266-8831
Source:
Crexi
Added: Mar 4
Changed: Sep 24
Last Checked: Sep 26 at 5:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of One South Commercial
Investment Insights
Based on property information with market context.
This 10,578 square foot, five-bay retail center is located along South Crater Road in Petersburg. Approximately 50% leased, the property offers income while allowing a future user to occupy a significant portion of the center. The layout supports a range of uses including retail, restaurant, personal service, office, and medical office. The center features walk-up access, signage opportunities, and frontage along a commercial corridor. It is located less than a mile from the Live! Casino & Hotel Virginia and in close proximity to Fort Gregg-Adams. The property benefits from daytime population, workforce density, and regional investment. Located within an Opportunity Zone, it offers access to I-95 and downtown Petersburg. This asset presents a combination of income, upside through lease-up, and appreciation potential. The property offers growth, visibility, and accessibility in a market poised for revitalization.
Key Highlights
- High‑visibility location on S Crater Road with excellent frontage and signage opportunities.
- Located less than a mile from the future Live! Casino & Hotel Virginia and near Fort Gregg‑Adams, benefiting from strong daytime population and workforce density.
- Versatile five‑bay layout suitable for retail, restaurant, personal service, office, and medical office uses.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
134k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 19%
Wawa
Shops & Services
42,203 visits/mo
0.3 miles
Sheetz
Shops & Services
40,746 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,117 visits/mo
0.5 miles
Little Caesars Pizza
Dining
6,390 visits/mo
0.4 miles
Dollar General
Shops & Services
6,164 visits/mo
0.2 miles
Demographics for 23805, VA
19,656
Population
9,272
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
90%
High-School Grad
71.5 sq mi
ZIP Area
275
Density / Sq Mi
$65,811
Median Household Income
$40,759
Median Earnings
$1,207
Median Rent
$208,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Five-bay retail center with high visibility and growth potential.
Where is this shopping center located?
The property is located at 2825 S Crater Rd Petersburg, VA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: High‑visibility location on S Crater Road with excellent frontage and signage opportunities.; Located less than a mile from the future Live! Casino & Hotel Virginia and near Fort Gregg‑Adams, benefiting from strong daytime population and workforce density.; Versatile five‑bay layout suitable for retail, restaurant, personal service, office, and medical office uses.
