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    OFF-MARKET
    Commercial real estate

    301 South Blvd, Petersburg, VA 23805

    16,244 SF 2.85 ac lot Built 1959
    Property ID
    Property summary
    AI-generated overview

    This expansive Petersburg, VA commercial property, encompassing 16,244 square feet on a 2.85-acre lot, is offered at $2,499,000. The property features a large sanctuary with an upstairs balcony and built-in baptism pool, a choir room, pastor's study with private bath, library, nursery, and two fellowship halls (one accommodating 140, the other 40). Additional space includes six classrooms, a reception office, secretary office, conference room, vestibule, utility room, and multiple multipurpose rooms. Six bathrooms are conveniently located throughout the building. The property also includes a pipe organ, Hammond organ, assorted chairs, large conference tables, office furniture, computers, copying machines, two trailers, and two detached sheds. An AED defibrillator is installed for safety. The seller is offering most furnishings, presenting a turnkey opportunity for immediate use. This versatile property is ideal for a church, community organization, or other suitable entity seeking a well-equipped and spacious facility.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1959
    Total area 16,244 SF
    Lot 2.85 ac (124,146 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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