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216 N Sycamore St 4,368 SF 100% Leased Retail Building Petersburg, VA 23803 $1,494,239 CAD ($342.09 CAD/SF) 8.55% Cap Rate

Retail Spaces Virginia Petersburg 216 N Sycamore St, Petersburg, VA 23803

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INVESTMENT HIGHLIGHTS

  • Seven Rental Units Consisting of Commercial and Mutli-Family Uses
  • Located in Old Towne Petersburg Near Courthouse, Police Station, Restaurants, and Other Businesses
  • Outdoor Seating / Common Area on First Floor and Upstairs
  • Call Broker for Rent Roll and Other Information

EXECUTIVE SUMMARY

Currently, the first floor and two units on the second floor are commercial uses. One unit on the second floor and three units on the third floor are multi-family uses.

ATTACHMENTS

216 N Sycamore St - OM

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,368 SF
Building Class
C
Year Built
1840
Price
$1,494,239 CAD
Price Per SF
$342.09 CAD
Cap Rate
8.55%
NOI
$127,785 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.48
Lot Size
0.07 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B3 - Central Commercial District which is also in a Historic District. Intended to provide a mix of commercial, automotive, and recreational activities
Frontage
45’ on Sycamore St

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Fl
  • 1,700 SF
  • Retail
  • -
  • Jan 2026
Space Size Space Use Position Available
1st Fl 1,700 SF Retail - Jan 2026

1st Fl

Size
1,700 SF
Space Use
Retail
Position
-
Available
Jan 2026
1 1
Walk Score®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Fat Tuesday
Truist
The YMCA
Cook Out
Denny's
Olive Garden

PROPERTY TAXES

Parcel Number 011-23-0030 Improvements Assessment $556,013 CAD
Land Assessment $41,024 CAD Total Assessment $597,037 CAD

PROPERTY TAXES

Parcel Number
011-23-0030
Land Assessment
$41,024 CAD
Improvements Assessment
$556,013 CAD
Total Assessment
$597,037 CAD
(804) 777-7070

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 32376525

  • Date on Market: 2024-07-08

  • Last Updated:

  • Address: 216 N Sycamore St, Petersburg, VA 23803

The Old Towne Petersburg Retail Property at 216 N Sycamore St, Petersburg, VA 23803 is currently available. Contact Specter Properties, Inc. for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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216 N Sycamore St
(804) 777-7070 x

216 N Sycamore St

Mark Specter
(804) 777-7070

Kevin Specter
(804) 777-7070

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