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    3706 Crater Rd Petersburg, VA 23805

    For Sale
    Contact for pricing

    Prime Petersburg, VA land, ideal for subdivision. Easy I-95 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 144-acre property presents a significant development opportunity in Petersburg, Virginia. Strategically located off South Crater Road, this land boasts convenient access to Interstate 95, ensuring excellent connectivity and accessibility. The property is zoned PUD, allowing for subdivision, providing flexibility for various development plans. The asking price is $5,520,000, or $30,000 per acre. The location offers proximity to established businesses, including a Walmart Supercenter and Southside Regional Medical Center, contributing to a strong commercial environment. The land encompasses parcels situated in both Petersburg and Prince George County. This expansive acreage presents a rare chance to capitalize on the growth potential of this desirable area. Detailed zoning information and subdivision possibilities are available upon request. This is a unique opportunity to acquire a substantial land holding with significant development potential in a thriving location. The property's size and zoning make it suitable for a wide range of projects, from residential to commercial developments. Its strategic location near major transportation arteries and established businesses makes it an attractive investment.

    Property Features for 3706 Crater Rd

    General Information

    Property type
    Land
    Lot Size
    6,272,640 SF

    HighLights

    • 144± acre development site.
    • $5,520,000 asking price, $30,000/acre.
    • Prime Petersburg, VA location, convenient I‑95 access via South Crater Road.
    • Strong surrounding demographics with Walmart & Southside Regional Medical Center nearby.
    • PUD zoning allows for subdivision.
    • Property spans Petersburg and Prince George County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail 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
    -77.3674269
    Latitude
    37.1765356

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    FAQs

    What type of property is this?
    Land - Prime Petersburg, VA land, ideal for subdivision. Easy I-95 access.
    Where is this land located?
    The property is located at 3706 Crater Rd Petersburg, VA.
    What are key features of this property?
    This property features: 144± acre development site.; $5,520,000 asking price, $30,000/acre.; Prime Petersburg, VA location, convenient I-95 access via South Crater Road.
    Request Owner's contact information
    3706 Crater Rd Petersburg, VA 23805
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    Petersburg, VA 23805
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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
    3706 Crater Rd Petersburg, VA 23805
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