2825 S Crater Rd - Storefront Retail/Office FOR SALE


Petersburg, VA 23805
$1,300,000 USD
804-723-0446
2825 S Crater Rd, Petersburg, VA for Sale
$1,300,000 USD
Storefront Retail/Office - FOR SALE
1/44
null | Request Cap Rate

2825 S Crater Rd
Petersburg, VA 23805


HIGHLIGHTS

  • Ideal for owner occupant
  • Excellent proximity to Petersburg's new LIVE! casino
  • Potential for client-facing office/medical user
  • Adaptable modular layout
  • Easy access to I-95

OVERVIEW

This 10,578 SF five-bay retail center located along highly traveled S Crater Road in Petersburg offers an outstanding opportunity for both investors and owner-occupants seeking visibility, flexibility, and long-term growth. Currently approximately 50% leased, the property provides immediate income while allowing a future user to occupy a significant portion of the center. The versatile layout supports a wide range of uses including retail, restaurant, personal service, office, and medical office, making it well suited for businesses looking to expand or establish a strong presence in a dynamic and growing trade area. The center features easy walk-up access, prominent signage opportunities, and excellent frontage along one of the area’s primary commercial corridors. Ideally positioned less than a mile from the highly anticipated Live! Casino & Hotel Virginia and in close proximity to Fort Gregg-Adams, the property benefits from strong daytime population, workforce density, and increasing regional investment. Located within an Opportunity Zone and offering convenient access to I-95 and downtown Petersburg, this asset presents a compelling combination of stable income, upside through lease-up, and long-term appreciation potential. This is an exceptional opportunity for a company seeking growth, high visibility, and accessibility in a market poised for continued revitalization.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Partially Renovated Petersburg Retail/Office

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

B-2

APN/PARCEL ID

065110002

ASK ABOUT THIS PROPERTY

Ann Schweitzer RileyOne South CommercialMore Info
804-723-0446

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Ann Schweitzer RileyOne South CommercialMore Info
804-723-0446

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