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    2200 Crater Rd Petersburg, VA 23805

    For Sale
    $450,000

    6.6-acre parcel, B-1 zoning, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6.6-acre commercial land parcel presents a compelling investment opportunity in Petersburg, Virginia. Strategically located at 2200 S Crater Rd, this property enjoys a prime position adjacent to a major retail center anchored by a 50,000 square foot Food Lion supermarket, ensuring high visibility and significant foot traffic. The site is zoned B-1 General Business, allowing for a wide range of commercial development possibilities. With approximately 24,000 vehicles passing daily on South Crater Road, this location offers unparalleled exposure to a substantial customer base. The strong retail market in the area, featuring numerous national brands, further underscores the potential for significant return on investment. The asking price for this exceptional property is $450,000. This presents a rare chance to acquire a well-situated commercial land parcel in a thriving retail environment. Don't miss this opportunity to capitalize on the potential of this high-traffic, strategically located site. The property's address is 2200 S Crater Rd, Petersburg, VA 23805.

    Property Features for 2200 Crater Rd

    General Information

    Property type
    Land

    HighLights

    • $450,000 asking price.
    • 6.6‑acre commercial land parcel.
    • B‑1 General Business zoning.
    • Located adjacent to a Food Lion‑anchored shopping center.
    • High traffic count (24,000 vehicles per day) on S. Crater Rd.
    • Strong retail market with national tenants.
    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 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 City
    State
    Virginia
    Longitude
    -77.379657662351
    Latitude
    37.200696914163

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    FAQs

    What type of property is this?
    Land - 6.6-acre parcel, B-1 zoning, high traffic.
    Where is this land located?
    The property is located at 2200 Crater Rd Petersburg, VA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price.; 6.6-acre commercial land parcel.; B-1 General Business zoning.
    (855) 530-2300
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    2200 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
    2200 Crater Rd Petersburg, VA 23805
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