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216 N Sycamore St 4,368 SF 100% Leased Retail Building Petersburg, VA 23803 $1,075,000 ($246.11/SF) 8.55% 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
$1,075,000
Price Per SF
$246.11
Cap Rate
8.55%
NOI
$91,932
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
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 |
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 011-23-0030 | Improvements Assessment | $406,600 |
| Land Assessment | $30,000 | Total Assessment | $436,600 |
PROPERTY TAXES
Parcel Number
011-23-0030
Land Assessment
$30,000
Improvements Assessment
$406,600
Total Assessment
$436,600
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216 N Sycamore St
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