218 Old Church St, Petersburg, VA 23803-3434
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Petersburg, VAPetersburg. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.