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    OFF-MARKET
    Turn key restaurants

    218 Old Church St, Petersburg, VA 23803-3434

    750 SF 0.07 ac lot Built 1994
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US87-1592855
    Property summary
    AI-generated overview

    This exceptional 750-square-foot commercial property, located at 218 N Old Church Street in Petersburg, Virginia, presents a unique investment opportunity. Situated on a 0.07-acre lot, this building boasts a rich history, having served as a long-standing neighborhood establishment for over five decades. Its prominent position within the community underscores its significant potential for future growth and development. The property is being sold "as is," a condition that should be explicitly included in any offer. While inspections are permitted, they are strictly for informational purposes only. All appliances and furniture included in the sale will convey in their current "as is" condition. Please note that the year the building was constructed is not currently verifiable. This presents a chance to acquire a well-established commercial space with considerable upside, ripe for revitalization or continued operation within a thriving community. The asking price is $99,000. Serious inquiries are encouraged to explore this compelling investment prospect. The property's location in Petersburg, VA offers easy access to major transportation routes and a diverse customer base. This is an excellent opportunity for an entrepreneur or investor looking to establish or expand their business in a vibrant and growing area.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1994
    Total area 750 SF
    Lot 0.07 ac (3,100 SF)
    Zoning code R-3
    APN 12050006
    UPID US87-1592855
    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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    Blend (final) Blend
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    Owner & transaction history
    BETTY M NUNNALLY
    BETTY M NUNNALLY
    Zoning & alternative use
    R-3 · Petersburg, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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