2019 E Washington St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2019 E Washington St
2,400 SF Vacant Retail Building Petersburg, VA 23803 $379,000 ($158/SF)
Investment Highlights
- Standalone 2,400 sq. ft. Commercial Building can be used for any retail or office use.
- Strategic Location Near Potential New Casino
- Two Interior Spaces one fully built out as a Restaurant
Executive Summary
Investment or Owner-User Opportunity: Standalone 2,400 sq. ft. Commercial Building
This versatile standalone 2,400 sq. ft. commercial building presents a prime investment or owner-user opportunity, located in a high-growth area. The property features two separate interior spaces:
Left Unit: Fully built-out restaurant space with a complete kitchen, including a hood system (48" deep X 120" long (4 ft x 10 ft), making it a turnkey opportunity for food service businesses.
Right Unit: Previously used as a salon, this flexible space is ideal for any retail or service-based business.
With the potential new casino coming to Petersburg, this property’s strategic location is perfect for capitalizing on the anticipated increase in traffic and economic activity. Whether you're an investor or a business owner looking to establish a presence in a thriving market, this property offers excellent value and long-term growth potential.
The projected lease rate is $15sf per year and would produce a ROI of 7.4%.
This versatile standalone 2,400 sq. ft. commercial building presents a prime investment or owner-user opportunity, located in a high-growth area. The property features two separate interior spaces:
Left Unit: Fully built-out restaurant space with a complete kitchen, including a hood system (48" deep X 120" long (4 ft x 10 ft), making it a turnkey opportunity for food service businesses.
Right Unit: Previously used as a salon, this flexible space is ideal for any retail or service-based business.
With the potential new casino coming to Petersburg, this property’s strategic location is perfect for capitalizing on the anticipated increase in traffic and economic activity. Whether you're an investor or a business owner looking to establish a presence in a thriving market, this property offers excellent value and long-term growth potential.
The projected lease rate is $15sf per year and would produce a ROI of 7.4%.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built
1981
Price
$379,000
Price Per SF
$158
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
B-2 - General retail
Parking
24 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
109 FT on E Washington St
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 004-06-0005 | Improvements Assessment | $107,800 |
| Land Assessment | $85,900 | Total Assessment | $193,700 |
PROPERTY TAXES
Parcel Number
004-06-0005
Land Assessment
$85,900
Improvements Assessment
$107,800
Total Assessment
$193,700
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
2019 E Washington St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.