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216 N Sycamore St 4,368 SF 100% Leased Retail Building Petersburg, VA 23803 $1,336,150 CAD ($305.90 CAD/SF) 9.43% Cap Rate
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,368 SF
Building Class
C
Year Built
1840
Price
$1,336,150 CAD
Price Per SF
$305.90 CAD
Cap Rate
9.43%
NOI
$125,985 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.48
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
B3 - Central Commercial District which is also in a Historic District. Intended to provide a mix of commercial, automotive, and recreational activities
Frontage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 011-23-0030 | Improvements Assessment | $557,209 CAD |
| Land Assessment | $41,112 CAD | Total Assessment | $598,321 CAD |
Property Taxes
Parcel Number
011-23-0030
Land Assessment
$41,112 CAD
Improvements Assessment
$557,209 CAD
Total Assessment
$598,321 CAD
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216 N Sycamore St
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