530 S Crater RD, Petersburg, VA 23803
530 S Crater RD, Petersburg, VA 23803
530 S Crater RD, Petersburg, VA 23803
530 S Crater RD, Petersburg, VA 23803
530 S Crater RD, Petersburg, VA 23803
530 S Crater RD, Petersburg, VA 23803
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Jan Edwards

Jan Edwards

+1(804) 441-1823
$ 279,000
Est. payment | /mo

1,380 SqFt

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$ 279,000
Est. payment | /mo
Save Virtual Tour

1,380 SqFt

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 1,380 sqft

Price per Sqft $202

MLS Listing ID 2532258

HOA Y/N No

Year Built 1947

Lot Size 0.690 Acres

Acres 0.69

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 $1,850.00 for 2026, and that will go up a percentage every year remaining in the current lease. April 1st 2027 - $1900.00, April 1st 2028 - $1950.00, April 1st 2029 - $2010.00. Current tenant responsible for paying property taxes and insurance, building maintenance 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.

Location

State VA

County Petersburg

Area 57 - Petersburg

Interior

Heating Electric

Cooling Central Air

Exterior

Roof Type Composition

Topography Level

Building

Lot Description Level

Building Description Brick,Block, No Elevators,Single-Tenant

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick,Block

Others

Tax ID 020-040017

Ownership Investment

Virtual Tour https://www.propertiesinmotion.com/property-tours/183093165

Central Virginia Regional MLS (CVR MLS)
Listed by Napier Realtors, ERA
Jan Edwards

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(804) 441-1823

jan@virginiacoastliving.com

5336 Garnett Pointe Ct, Virginia Beach, Virginia 23462, USA

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530 S Crater RD