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$ 399,000
Est. payment | /mo
11,000 SqFt
$ 399,000
Est. payment | /mo
11,000 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,000 sqft
Price per Sqft $36
MLS Listing ID 2526360
Construction Status Actual
HOA Y/N No
Year Built 1949
Lot Size 0.454 Acres
Acres 0.454
Property Description
2237 & 2225 E Washington Street, Petersburg, VA 23803
For Sale – Prime Dual Mixed-Use / Commercial Investment Opportunity.
Needs renovations — value-add opportunity for the right investor or owner-operator!
Key Features:
Total Area: ~11,000± sq. ft.
Unit Mix:
Upper Floor: • 3 × 2-bedroom / 2-bath apartments • 4 × 1-bedroom / 1-bath apartments
Main Floor between the two properties: 4 separate commercial suites, ideal for retail, service, office, storage units, warehousing etc.
Total of 11 potential doors. At this very attractive price - that's ONLY ~ $36000 per door!
Zoning: B-2 General Commercial – versatile uses allowed.
Most of the framing for the apartments have been completed, sewer lines have been upgraded to PVC, newer roofs on both buildings, some electrical has been completed, newer windows. Parking lot recently resealed.
Location & Growth Dynamics:
Prime location along East Washington St, a high-visibility corridor in Petersburg.
Close proximity to the upcoming new casino development, which is expected to drive foot traffic, investment, and consumer spending in the area.
Several companies and businesses are relocating or expanding into Petersburg, increasing demand for retail, service, housing & mixed-use space.
Easy access to I-95 and I-85, Downtown Petersburg, Hopewell, Colonial Heights and Fort Gregg-Adams / Lee, making this site attractive for residents, workers, and commuters. This is also within the Richmond Metro area.
Investment & Redevelopment Potential:
Four commercial units + 7 residential units = multiple income streams.
Ideal uses: full mixed-use operation (apartments above + retail/service below), conversion or redevelopment as zoning allows or convert it all into a multifamily building.
Sold as-is, inspections are for informational purposes only. No owner financing. Will not separate Parcels. Verify all information.
For Sale – Prime Dual Mixed-Use / Commercial Investment Opportunity.
Needs renovations — value-add opportunity for the right investor or owner-operator!
Key Features:
Total Area: ~11,000± sq. ft.
Unit Mix:
Upper Floor: • 3 × 2-bedroom / 2-bath apartments • 4 × 1-bedroom / 1-bath apartments
Main Floor between the two properties: 4 separate commercial suites, ideal for retail, service, office, storage units, warehousing etc.
Total of 11 potential doors. At this very attractive price - that's ONLY ~ $36000 per door!
Zoning: B-2 General Commercial – versatile uses allowed.
Most of the framing for the apartments have been completed, sewer lines have been upgraded to PVC, newer roofs on both buildings, some electrical has been completed, newer windows. Parking lot recently resealed.
Location & Growth Dynamics:
Prime location along East Washington St, a high-visibility corridor in Petersburg.
Close proximity to the upcoming new casino development, which is expected to drive foot traffic, investment, and consumer spending in the area.
Several companies and businesses are relocating or expanding into Petersburg, increasing demand for retail, service, housing & mixed-use space.
Easy access to I-95 and I-85, Downtown Petersburg, Hopewell, Colonial Heights and Fort Gregg-Adams / Lee, making this site attractive for residents, workers, and commuters. This is also within the Richmond Metro area.
Investment & Redevelopment Potential:
Four commercial units + 7 residential units = multiple income streams.
Ideal uses: full mixed-use operation (apartments above + retail/service below), conversion or redevelopment as zoning allows or convert it all into a multifamily building.
Sold as-is, inspections are for informational purposes only. No owner financing. Will not separate Parcels. Verify all information.
Location
State VA
County Petersburg
Area 57 - Petersburg
Interior
Heating Other
Exterior
Roof Type Other
Topography Level,Rolling
Building
Lot Description Level
Building Description Brick, Multi-Tenant,No Elevators
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
Construction Status Actual
Others
Tax ID 004-030008, 004030009
Ownership Investment
Listed by HomeLife Access Realty