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Property profile & analytics
FOR LEASE
Strip malls

2120 S Crater Rd Petersburg, VA 23805

44,779 SF 4.49 ac lot Built 2007
Entity Owned Absentee Owner Free & Clear
Property ID
US87-1514314
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Total area 44,779 SF
Lot 4.49 ac (195,672 SF)
Zoning code B-1
APN 66050006
UPID US87-1514314
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
Current use
Occupant on record · Public records
  • Western Union Bank Credit Union
  • Food Lion Grocery & Convenience Store Food Market
  • Papa Johns Pizza Restaurant
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Classics Barbershop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.86M
Owner & transaction history
REH WALNUT HILL LLC
REH WALNUT HILL LLC
Zoning & alternative use
B-1 · Petersburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 .…

Zone name Shopping Center District
General category COMMERCIAL
Zone area 77.12 ac
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