2120 S Crater Rd Petersburg, VA 23805
For Lease
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Walnut Hill, located at 2120 S Crater Rd, Petersburg, VA 23805, offers exceptional retail space for lease within a Food Lion-anchored center. This multi-tenant property boasts a total of 50,328 square feet, currently featuring two suites. A significant opportunity exists with 4,200 square feet of vacant space immediately available, divisible into units ranging from a minimum of 1,400 square feet to a maximum contiguous space of 2,800 square feet. The property is conveniently situated on S Crater Rd and Cross Street Walnut Blvd in the Petersburg submarket of Petersburg County, Virginia. Ideal for a variety of retail uses, particularly salons, barber shops, or studios, given its existing subtype designation. The location benefits from high visibility and strong traffic patterns associated with its anchor tenant, Food Lion. This presents a unique chance to establish a thriving business in a well-established and convenient retail center. Serious inquiries are encouraged to explore this promising retail opportunity in the vibrant Petersburg market. The property is classified as retail and is located in Petersburg, VA.
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Western Union Bank Credit Union
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Food Lion Grocery & Convenience Store Food Market
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Papa Johns Pizza Restaurant
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Redbox Cinema (Bike/Boat/Book/etc) Store
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Classics Barbershop Barber Shop
lanting 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 .…
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-1 · Petersburg, VAlanting 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
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.