2018 E Washington St, Petersburg, VA 23803
For Lease
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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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Petersburg, VAPetersburg. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.