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530 S Crater Road, Petersburg, VA 23803

$299,950
  • 530 S Crater Road, Petersburg, VA 23803 Main Photo
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Listing REALTOR® David Patsel
Call: (804) 931-4072

Active
MLS#2532258
STATUSActive PROPERTY TYPECommercial - Business

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.

Listing Video

Property Features

Property Type: Commercial - Business
Cooling: Central Air
Heating: Electric
Lot Size: 0.69 Acres
Roof Type: Composition
Stories: 1.0
Year Built: 1947
Buyer's Agent Compensation: 3%

Feature Descriptions

Building Features: No Elevators, Single-Tenant
Days on Site: 99
Exterior: Brick, Block
Lot: Level
Parcel#: 020-040017
Sewer: Public Sewer
Topography: Level
Water: Public

Listed By / Shown By

agent picture

Listed By

Agency Name: Napier Realtors, ERA
Agency Phone: (804) 931-4072
Realtor® Name: David Patsel

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