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    FOR LEASE
    Retail space

    2018 E Washington St, Petersburg, VA 23803

    1,500 SF 0.08 ac lot Built 1972
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US87-1720048
    Property summary
    AI-generated overview

    This exceptional 1,500-square-foot commercial property at 2018 E Washington Street in Petersburg, Virginia, presents a unique investment opportunity. Situated on a main thoroughfare, this well-established three-unit building offers high visibility and accessibility. The property boasts five rooms and two full bathrooms, providing ample space for a variety of commercial uses. A significant advantage is the newly installed roof in 2023, eliminating immediate roof replacement costs. The property's prime location is further enhanced by the recent announcement of a casino development in Petersburg, promising increased foot traffic and economic growth in the area. This presents a compelling opportunity for entrepreneurs seeking a versatile space to establish their business. Potential uses include, but are not limited to, office space, retail storefront, daycare center, restaurant, or studio. The property is priced at $189,999 and offers significant potential for return on investment in the coming years. This is a rare chance to secure a well-maintained commercial space in a rapidly developing area. Don't miss this chance to own a piece of Petersburg's exciting future.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1972
    Total area 1,500 SF
    Lot 0.08 ac (3,500 SF)
    Zoning code B-2
    APN 4210004
    UPID US87-1720048
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    KAREN VARGO
    KAREN VARGO
    Zoning & alternative use
    B-2 · Petersburg, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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