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$ 299,950
Est. payment /mo
Active
530 S Crater RD Petersburg, VA 23803
1,380 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,380 sqft
Price per Sqft $217
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 $1,800.00 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.
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
Listed by Napier Realtors, ERA