2542 S Crater Rd - Freestanding FOR SALE


Petersburg, VA 23805
$690,000 USD
904-762-6406
2542 S Crater Rd, Petersburg, VA for Sale
$690,000 USD
Freestanding - FOR SALE
1/14
null | 5.43% Cap Rate

2542 S Crater Rd
Petersburg, VA 23805


HIGHLIGHTS

  • Heavy Traffic street front, 54 parking lots.
  • Two new 5-ton, 3-phase heat pump HVAC systems
  • Located just 0.5 miles from a Wawa
  • Adjacent to a temporarily operating casino currently under construction

OVERVIEW

The property offers dependable investment stability with a current tenant operating a Mexican mini market and restaurant under a lease that runs through June 2029, ensuring consistent income for the next several years. Recent capital improvements, including fully updated plumbing to the city line, new LED lighting throughout, and two new 5-ton 3-phase heat pump HVAC systems, significantly reduce near-term maintenance needs. The location benefits from strong surrounding activity, positioned just half a mile from a Wawa and adjacent to a temporarily operating casino that is still under construction, which is expected to increase future traffic and visibility. Serious buyer inquiries only.

FOR SALE DETAILS

PRICE

$690,000 USD

PRICE/SF

$221 USD /SF

CAP RATE

5.43%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Dealership, Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

B-2

APN/PARCEL ID

066-06-0019

ASK ABOUT THIS PROPERTY

Ahmad ZafarSmoke GalaxyMore Info
904-762-6406

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Ahmad ZafarSmoke GalaxyMore Info
904-762-6406

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