$299,950

530 S Crater Rd, Petersburg, VA 23803

  • 1,380 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1947
  • Property Lot Size Icon0.69acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $217/sqft
  • Property List Date Icon Listed 10 days ago

Property Description

Free-standing commercial building for sale in Petersburg! This property has 1,380 square feet, electric heat and central air, several rooms, a kitchen, a bathroom, and ample parking in a convenient location. The property has been a gas station, a restaurant, an insurance agency, and is now a day care center - so many commercial possibilities here! Invest and keep the current tenant for some additional income, flip and resell when the lease is up, collect the rent and turn the building into your dream business at the end of the lease, lots of options here! Current tenant pays $1,800.00 for 2025, and that will go up a percentage every year remaining in the current lease. Current tenant responsible for paying property taxes and insurance, and all utilities. Lease ends March 31st, 2030. Also included is a commercial billboard sign on this property - this lease is up on July 31st, 2034, and the annual rent is $3,600.00! Total of $25,000 in income yearly altogether. Come see it.

Listing Status:
Active
Listing Office:
Napier Realtors, ERA : (804) 524-9001
Listing Agent:
David Patsel : (804) 931-4072
MLS ID:
2532258
  • A/C: Central Air
  • Heating: Electric
  • Roofing: Composition
  • General: BrickBlock1
  • Road/Access: City Street
  • Originating MLS: CVR
  • County: Petersburg
  • Topography: Level
  • Zoning: PT LTS 7-10 BK BMEADOW BROOK FARM020-040017
  • Water: Public
  • Sewer: Public Sewer
  • Source: CVR
  • Ownership: Investment

This listing courtesy of David Patsel, Napier Realtors, ERA

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lakemont Elementary School

51 Gibbons Ave, Petersburg, VA, 23803

Grades KG-5

1.09 miles away

V

Vernon Johns Middle School

3101 Homestead Dr, Petersburg, VA, 23805

Grades 6-8

2.49 miles away

P

Petersburg High School

3101 Johnson Rd, Petersburg, VA, 23805

Grades 9-12

2.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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