2016 Washington St Petersburg, VA 23803
This versatile 1,500 square foot commercial condo, located at 2016 E Washington Street in Petersburg, Virginia, presents a unique opportunity for entrepreneurs and investors. Situated in a well-established three-unit building, this middle unit boasts a freshly remodeled interior, offering a blank canvas for customization. The property sits on a 0.08-acre lot and is priced at $180,000. Recent upgrades include a brand-new roof and new exterior siding on both the front and back of the building. The interior has been finished to a dark shell condition, providing a clean and open space ideal for a variety of commercial uses. This allows for complete flexibility in design and build-out to perfectly suit the needs of the new owner. Whether you envision a modern office space, a vibrant retail shop, or a unique workspace, this property offers endless potential. Its central Petersburg location ensures high visibility and accessibility, making it an attractive option for businesses seeking a thriving commercial environment. The property's size and condition make it an excellent investment opportunity with significant upside potential. Don't miss this chance to acquire a move-in ready commercial space in a desirable location.
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bp Gas Station
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CoinFlip Bitcoin ATM Money Transfer Service Atm
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Fat Boy's Food Stop Grocery & Convenience Store Food Market
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ATM (BP) Atm
ng or replacement of trees on the site to the extent that, at 20 years, minimum tree canopies or coverages will be provided as follows: a. Ten percent tree canopy for commercial and industrial zoning districts: RB, B-1, B-2, B-3, MXD-1, MXD-2, MXD-3, M-1, and M-2. b. Ten percent tree canopy for a residential development with 20 or more units per acre . c . F…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Petersburg, VAng or replacement of trees on the site to the extent that, at 20 years, minimum tree canopies or coverages will be provided as follows: a. Ten percent tree canopy for commercial and industrial zoning districts: RB, B-1, B-2, B-3, MXD-1, MXD-2, MXD-3, M-1, and M-2. b. Ten percent tree canopy for a residential development with 20 or more units per acre . c . Fifteen percent of tree canopy for a residential development with more than 10 but l
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.