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    2120 Crater Rd Petersburg, VA 23805

    For Lease
    $14 SF/Yr

    Prime Petersburg retail, flexible space available.

    Lot size:
    50,328 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    Walnut Hill, located at 2120 S Crater Rd, Petersburg, VA 23805, offers exceptional retail space for lease within a Food Lion-anchored center. This multi-tenant property boasts a total of 50,328 square feet, currently featuring two suites. A significant opportunity exists with 4,200 square feet of vacant space immediately available, divisible into units ranging from a minimum of 1,400 square feet to a maximum contiguous space of 2,800 square feet. The property is conveniently situated on S Crater Rd and Cross Street Walnut Blvd in the Petersburg submarket of Petersburg County, Virginia. Ideal for a variety of retail uses, particularly salons, barber shops, or studios, given its existing subtype designation. The location benefits from high visibility and strong traffic patterns associated with its anchor tenant, Food Lion. This presents a unique chance to establish a thriving business in a well-established and convenient retail center. Serious inquiries are encouraged to explore this promising retail opportunity in the vibrant Petersburg market. The property is classified as retail and is located in Petersburg, VA.

    Property Features for 2120 Crater Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,328 SF
    Total Rate
    58716

    Unit(s) available at that property

    Space
    2130 I/J
    Size
    2,800 SF
    Rate per SF
    $18

    HighLights

    • 2,800 SF of retail space available for lease.
    • Divisible space with two existing storefronts and two bathrooms.
    • Excellent interstate and S. Crater Rd. access.
    • High traffic counts from nearby neighborhoods.
    • Strong performing Food Lion grocery store anchor tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Food Lion Grocery Store Papa Johns Pizza Pizza Restaurant Redbox Movie Rental Kiosk Classics Barbershop Barber Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Petersburg
    State
    Virginia
    Longitude
    -77.3813391
    Latitude
    37.2010109

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    FAQs

    What type of property is this?
    Office space - Prime Petersburg retail, flexible space available.
    Where is this office space located?
    The property is located at 2120 Crater Rd Petersburg, VA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 2,800 SF of retail space available for lease.; Divisible space with two existing storefronts and two bathrooms.; Excellent interstate and S. Crater Rd. access.
    Request Owner's contact information
    2120 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
    2120 Crater Rd Petersburg, VA 23805
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