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2542 S Crater Rd 3,123 SF Retail Building Petersburg, VA 23805 $590,000 ($188.92/SF) 6.36% Cap Rate
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 .
-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
Building Size
3,123 SF
Building Class
C
Year Built
1972
Price
$590,000
Price Per SF
$188.92
Cap Rate
6.36%
NOI
$37,500
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
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 066-06-0019 | Improvements Assessment | $113,800 |
| Land Assessment | $176,700 | Total Assessment | $290,500 |
PROPERTY TAXES
Parcel Number
066-06-0019
Land Assessment
$176,700
Improvements Assessment
$113,800
Total Assessment
$290,500
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2542 S Crater Rd
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