2237 E Washington St - Storefront Retail/Office FOR SALE


Petersburg, VA 23803
$399,000 USD
804-798-7878
2237 E Washington St, Petersburg, VA for Sale
$399,000 USD
Storefront Retail/Office - FOR SALE
1/68
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2237 E Washington St
Petersburg, VA 23803


HIGHLIGHTS

  • High Visibility

OVERVIEW

Prime Dual Mixed-Use / Commercial Investment Opportunity. Needs renovations — value-add opportunity for the right investor or owner-operator! Key Features: Total Area: 12,000± sq. ft. between both buildings. This sale also includes 2225 E. Washington St., which shares a parking lot & has an additional empty lot on the back side of it that may be buildable. Unit Mix: Upper Floor: • 3 × 2-bedroom / 2-bath apartments • 4 × 1-bedroom / 1-bath apartments. Main Floor between the two properties: 4 separate commercial suites, ideal for retail, service, office, storage units, warehousing etc. Total of 11 potential doors. At this very attractive price - that's ONLY - $36000 per door! Zoning: B-2 General Commercial – versatile uses allowed. Most of the framing for the apartments has been completed, sewer lines have been upgraded to PVC, newer roofs on both buildings, some electrical has been completed, newer windows. Parking lot recently resealed. Location & Growth Dynamics: Prime location along East Washington St, a high-visibility corridor in Petersburg. Close proximity to the upcoming new casino development, which is expected to drive foot traffic, investment, and consumer spending in the area. Several companies and businesses are relocating or expanding into Petersburg, increasing demand for retail, service, housing & mixed-use space. Easy access to I-95 and I-85, Downtown Petersburg, Hopewell, Colonial Heights and Fort Gregg-Adams / Lee, making this site attractive for residents, workers, and commuters. This is also within the Richmond Metro area. Investment & Redevelopment Potential: Four commercial units + 7 residential units = multiple income streams. Ideal uses: full mixed-use operation (apartments above + retail/service below), conversion or redevelopment as zoning allows or convert it all into a multifamily building. Sold as-is, inspections are for informational purposes only. No owner financing. Will not separate Parcels. Verify all information. Tax records show 8000 sq. Ft. For 2237, which is not accurate. 2225 is over 1,700 sq. Ft. Purchaser verify sq footage.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$33 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

B-2

APN/PARCEL ID

004-03-0008

ASK ABOUT THIS PROPERTY

Lisa PerryHomeLife Access RealtyMore Info
804-798-7878

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Lisa PerryHomeLife Access RealtyMore Info
804-798-7878

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.