2200 Crater Rd Petersburg, VA 23805-2719
This exceptional 6.6-acre commercial land parcel presents a compelling investment opportunity in Petersburg, Virginia. Strategically located at 2200 S Crater Rd, this property enjoys a prime position adjacent to a major retail center anchored by a 50,000 square foot Food Lion supermarket, ensuring high visibility and significant foot traffic. The site is zoned B-1 General Business, allowing for a wide range of commercial development possibilities. With approximately 24,000 vehicles passing daily on South Crater Road, this location offers unparalleled exposure to a substantial customer base. The strong retail market in the area, featuring numerous national brands, further underscores the potential for significant return on investment. The asking price for this exceptional property is $450,000. This presents a rare chance to acquire a well-situated commercial land parcel in a thriving retail environment. Don't miss this opportunity to capitalize on the potential of this high-traffic, strategically located site. The property's address is 2200 S Crater Rd, Petersburg, VA 23805.
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
B-1 · 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.