1202 Washington St Petersburg, VA 23803

This exceptional 16,000 sq ft mixed-use property in Petersburg, VA, presents a unique investment opportunity. Located at 1202 W Washington St, this two-story building sits on a 1.71-acre lot and boasts 15,500-16,500 total square feet. Built in 1960 with renovations within the last 5-10 years, the property features two buildings and offers a flexible layout ideal for diverse uses. Currently at 20% occupancy, the building's zoning (B-2) allows for a wide range of possibilities, including creative office space, daycare, or religious use. The property includes one loading dock with one dock-high door, and ceiling heights range from 8 to 15 feet. The interior features multiple offices, classrooms, conference rooms, and event space, some of which are furnished. The previous uses included a grocery store and lumberyard, highlighting the adaptability of the floor plan. The current owner is open to leasing back a portion of the space after the sale, though this is not a requirement. This property offers significant income-generating potential and is priced at $1,399,000. The APN is 024-250005. Schedule a showing to explore the limitless possibilities this property offers.