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2542 S Crater Rd 3,123 SF Retail Building Petersburg, VA 23805 $815,675 CAD ($261.18 CAD/SF) 6.36% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Heavy Traffic street front, 54 parking lots.
  • New HVAC

EXECUTIVE SUMMARY

- All new plumbing all the way to city line .
-New LED lights through inside and out.
-2 New HVAC - 5 Ton Heat Pump 3 phase .
Currently under lease for a Mexican mini Market and restaurant for 5 years.
Lease expires June 2029
serious buyers inquiry please .

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,123 SF
Building Class
C
Year Built
1972
Price
$815,675 CAD
Price Per SF
$261.18 CAD
Cap Rate
6.36%
NOI
$51,844 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.54 AC
Zoning
B-2 - Community Business
Parking
54 Spaces (17.29 Spaces per 1,000 SF Leased)
Frontage
92’ on S Crater Rd

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage

NEARBY MAJOR RETAILERS

Food Lion
Bank of America
Truist

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
066-06-0019
Land Assessment
$247,117 CAD
Improvements Assessment
$159,150 CAD
Total Assessment
$406,267 CAD
  • Listing ID: 30637433

  • Date on Market: 2024-01-11

  • Last Updated:

  • Address: 2542 S Crater Rd, Petersburg, VA 23805

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