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    26114 Washington St Petersburg, VA 23803

    For Sale
    Contact for pricing

    1.2 Acres, B-2 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.2-acre commercial land parcel presents a unique development opportunity in Petersburg, Virginia. Located at 26114 W Washington St, in the Edge Hill Trade Area, this property boasts a highly desirable B-2 zoning designation, allowing for a wide range of commercial uses. Its strategic location between Walgreens and O'Reilly Auto Parts ensures high visibility and accessibility for potential businesses. The site is conveniently situated adjacent to the Dominion Energy Locks Yard Campus, providing proximity to a significant employer and workforce. Infrastructure is already in place, with the land being rough-graded and all access points established. Public water and sewer utilities are readily available, simplifying the development process. This is the only available commercial development site between the I-85 interchange and the Petersburg city limits with Route 1 frontage, offering unparalleled exposure to a substantial daily traffic volume of 17,000 vehicles. This prime location on a popular commuter route makes it an ideal investment for developers seeking high-impact commercial projects. The property's size and strategic location make it a rare find in this thriving market.

    Property Features for 26114 Washington St

    General Information

    Property type
    Land
    Lot Size
    52,272 SF

    HighLights

    • Directly adjacent to Dominion Energy's Locks Yard Campus.
    • Site is rough‑graded with complete access.
    • Public water and sewer are available.
    • Sole available commercial development site between I‑85 and Petersburg city limits with Route 1 frontage.
    • High‑traffic location on a major commuter route with 17,000 vehicles per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Dinwiddie
    State
    Virginia
    Longitude
    -77.454315508499
    Latitude
    37.214954902658

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    FAQs

    What type of property is this?
    Land - 1.2 Acres, B-2 Zoning, High Visibility
    Where is this land located?
    The property is located at 26114 Washington St Petersburg, VA.
    What are key features of this property?
    This property features: Directly adjacent to Dominion Energy's Locks Yard Campus.; Site is rough-graded with complete access.; Public water and sewer are available.
    Request Owner's contact information
    26114 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
    26114 Washington St Petersburg, VA 23803
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