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Property profile & analytics
OFF-MARKET Estimated value $785,000
Retail space

250 Washington St Petersburg, VA 23803-4204

7,814 SF 0.84 ac lot Built 2002
Entity Owned Absentee Owner Free & Clear
Property ID
US87-1368409
Property summary
AI-generated overview

This exceptional 7,456-square-foot retail space is ideally situated at 250 W Washington Street in Petersburg, Virginia, zip code 23803. The property offers a single-tenant occupancy opportunity within a vibrant commercial district. The entire building is currently vacant, presenting a blank canvas for a discerning tenant to customize and develop. On-site parking is available, ensuring convenient access for customers and employees. The building's location in Petersburg city, Virginia, provides excellent visibility and accessibility, making it an attractive option for a wide range of retail businesses. The property is classified as a commercial retail space and is ready for immediate occupancy. This presents a unique chance to establish a strong presence in a growing market. The address is easily accessible and benefits from high foot traffic and visibility. The 7,456 square feet provide ample space for a variety of retail concepts. The property is conveniently located in Petersburg city, offering easy access to major transportation routes and a diverse customer base. This single-tenant space eliminates the complexities of multi-tenant management, allowing for focused business operations. Serious inquiries are encouraged to explore the potential of this prime retail location. The property is ready for immediate lease and offers a significant opportunity for growth and success. Contact us today to schedule a viewing and discuss your business needs.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2002
Total area 7,814 SF
Lot 0.84 ac (36,400 SF)
Zoning code B-2
APN 23140002
UPID US87-1368409
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
  • Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$836k
Blend (final) Blend
$785k
Owner & transaction history
COLE FD PORTFOLIO I LLC
COLE FD PORTFOLIO I LLC
Zoning & alternative use
B-2 · Petersburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

ng 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 . F…

Zone name General Commercial District
General category INDUSTRIAL
Zone area 926.97 ac
Top alternative use upside
Restaurant $980,000 +86.4%
Auto repair, garage $860,000 +63.1%
Commercial (general) $645,000 +22.4%
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