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Property profile & analytics
OFF-MARKET
Retail space

2026 Washington St Petersburg, VA 23803-3722

1,680 SF 0.16 ac lot Built 1951
Individually Owned Absentee Owner Free & Clear
Property ID
US87-1729307
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1951
Total area 1,680 SF
Lot 0.16 ac (7,000 SF)
Zoning code B-2
APN 4210005
UPID US87-1729307
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
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Owner & transaction history
GARY D MOULTON
GARY D MOULTON
Zoning & alternative use
B-2 · Petersburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name General Commercial District
General category INDUSTRIAL
Zone area 926.97 ac
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