2542 S Crater Rd
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2542 S Crater Rd
3,123 SF Retail Building Petersburg, VA 23805 $650,000 ($208/SF) 5.77% Cap Rate
Investment Highlights
- Heavy Traffic street front, 54 parking lots.
- New HVAC
Executive Summary
- All new plumbing all the way to city line .
-LED lights through inside and out.
-2 New HVAC 2 - 5 Ton Heat Pump
Currently under lease for a Mexican mani Market and restaurant for 5 years, and 5 years extension.
the building went under contract for 5 years lease and 5 years extension triple net for a Mexican restaurant and grocery store.
its brining $36,000 first year 2nd year 38,4000 and its keep going up every year….)
-LED lights through inside and out.
-2 New HVAC 2 - 5 Ton Heat Pump
Currently under lease for a Mexican mani Market and restaurant for 5 years, and 5 years extension.
the building went under contract for 5 years lease and 5 years extension triple net for a Mexican restaurant and grocery store.
its brining $36,000 first year 2nd year 38,4000 and its keep going up every year….)
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
3,123 SF
Building Class
C
Year Built
1972
Price
$650,000
Price Per SF
$208
Cap Rate
5.77%
NOI
$37,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.54 AC
Zoning
B-2 - B2 Zoning, Retail, Restaurants
Parking
54 Spaces (17.29 Spaces per 1,000 SF Leased)
Frontage
91 FT on S Crater Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 066-06-0019 | Improvements Assessment | $113,800 |
| Land Assessment | $176,700 | Total Assessment | $290,500 |
PROPERTY TAXES
Parcel Number
066-06-0019
Land Assessment
$176,700
Improvements Assessment
$113,800
Total Assessment
$290,500
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2542 S Crater Rd
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