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3268 S Crater Rd
Petersburg, VA 23805

Retail Property For Sale

Investment Highlights

  • Potential for future development
  • Shopping Center possibility
  • Hotel possibility

Executive Summary

Two parcels sold as one totaling 5.214 Acres +/- zoned B-2. 3268 and 3270 S. Crater Road, Petersburg, VA. 23805. Approximately 423 feet road frontage on Route 1/301 South Crater Road. Very near many shopping centers, offices, restaurants, hospital and doctors offices and proposed new casino. Quick access to Intestate 95 and route 460. Fully operational 5622 sqft restaurant building that comes with equipment and ample parking. Go kart tracks, metal garages, additional souvenir shop, old batting cage area that could be brought back to life. Another 2 story restaurant building at 3268 S. Crater that used to service go kart patrons, and includes kitchen equipment. Has an upstairs office and bathroom. Owner financing is a possibility: Owner willing to finance up to 30 yrs at about 7% with $500k-$600k down to qualified buyers. The property has 4 separate electric meters and both buildings have their own water and sewer connections. Great Road frontage, tons of parking, good financing terms and tons of potential

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,622 SF
Building Class
B
Year Built
1989
Price
$1,800,000
Price Per SF
$320
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
5.12 AC
Zoning
B-2
Parking
112 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
208 FT on S Crater Rd

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
088-01-0809
Land Assessment
$425,300
Improvements Assessment
$303,000
Total Assessment
$728,300
  • Listing ID: 34160250

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: 3268 S Crater Rd, Petersburg, VA 23805

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