2026 Washington St Petersburg, VA 23803-3722
This prime commercial property, located at 2026 E Washington Street in Petersburg, VA, presents a unique investment opportunity. The property consists of two detached buildings totaling 1,680 square feet, situated on a 0.16-acre lot on the highly trafficked Washington Street. Its prominent location ensures maximum visibility and accessibility, making it ideal for a variety of businesses. Both buildings are in need of renovation, offering a blank canvas for customization to suit specific business needs. The flexible space allows for diverse uses, including retail, office space, or a mixed-use configuration. This presents an excellent chance to create a profitable venture tailored to your vision. The asking price is $225,000. The property's high-traffic location and substantial square footage make it a compelling investment prospect for entrepreneurs and investors alike. The potential for significant return on investment is substantial, given the opportunity to renovate and tailor the space to meet current market demands. This is a rare chance to acquire a well-positioned commercial property in a vibrant area with significant growth potential. Serious inquiries are encouraged.
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
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Costs & Benchmarks
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Risks
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