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1609 W Washington St

12,600 SF Industrial Building Petersburg, VA 23803 $699,000 ($55/SF)

Investment Highlights

  • Easy access from major thoroughfares like US 1, I-95, I-85
  • Flexible Use
  • Great visibility

Executive Summary

The former Southern States property in Petersburg, VA, presents a prime opportunity for businesses seeking versatile office and warehouse space. This property, situated on a generous 4+ acre lot, offers exceptional flexibility, making it ideal for a wide range of uses, including retail, industrial, or flex applications. The M-1 zoning further enhances its adaptability, allowing businesses to tailor the space to meet their specific operational needs.
One of the standout features of this property is its excellent visibility from Route 1, a high-traffic thoroughfare that ensures maximum exposure. This strategic location is also conveniently close to both I-95 and I-85, providing seamless connectivity to major transportation routes, essential for businesses requiring efficient distribution and logistics operations.
In addition to its adaptable indoor space, the property boasts ample parking and outdoor storage, accommodating a variety of business needs and supporting growth. The expansive lot offers room for potential expansion or additional facilities, making it a future-proof investment. Located in Petersburg, a city with a growing economic landscape, this property offers businesses the perfect combination of flexibility, accessibility, and visibility, positioning them for success in a competitive market.

Property Facts Under Contract

Price $699,000
Price Per SF $55
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • FlexLight Distribution
Building Class B
Lot Size 4.39 AC
Rentable Building Area 12,600 SF
No. Stories 1
Year Built 1963
Tenancy Single
Parking Ratio 1.19/1,000 SF
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 4

Amenities

  • Fenced Lot
  • Yard
  • Storage Space

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Electric

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
028-01-0003
Land Assessment
$252,800
Improvements Assessment
$342,000
Total Assessment
$594,800

zoning

Zoning Code M-1 (Zoned M-1 This district is intended primarily for light manufacturing, fabricating, warehousing and wholesale distributing.)
M-1 (Zoned M-1 This district is intended primarily for light manufacturing, fabricating, warehousing and wholesale distributing.)
  • Listing ID: 32732140

  • Date on Market: 8/8/2024

  • Last Updated:

  • Address: 1609 W Washington St, Petersburg, VA 23803

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