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Partially Renovated Petersburg Retail/Office 2825 S Crater Rd 10,578 SF 50% Leased Retail Building Petersburg, VA 23805 $1,300,000 ($122.90/SF)
Investment Highlights
- Ideal for owner occupant
- Potential for client-facing office/medical user
- Easy access to I-95
- Excellent proximity to Petersburg's new LIVE! casino
- Adaptable modular layout
Executive Summary
This 10,578 SF five-bay retail center located along highly traveled S Crater Road in Petersburg offers an outstanding opportunity for both investors and owner-occupants seeking visibility, flexibility, and long-term growth.
Currently approximately 50% leased, the property provides immediate income while allowing a future user to occupy a significant portion of the center. The versatile layout supports a wide range of uses including retail, restaurant, personal service, office, and medical office, making it well suited for businesses looking to expand or establish a strong presence in a dynamic and growing trade area. The center features easy walk-up access, prominent signage opportunities, and excellent frontage along one of the area’s primary commercial corridors.
Ideally positioned less than a mile from the highly anticipated Live! Casino & Hotel Virginia and in close proximity to Fort Gregg-Adams, the property benefits from strong daytime population, workforce density, and increasing regional investment. Located within an Opportunity Zone and offering convenient access to I-95 and downtown Petersburg, this asset presents a compelling combination of stable income, upside through lease-up, and long-term appreciation potential. This is an exceptional opportunity for a company seeking growth, high visibility, and accessibility in a market poised for continued revitalization.
Currently approximately 50% leased, the property provides immediate income while allowing a future user to occupy a significant portion of the center. The versatile layout supports a wide range of uses including retail, restaurant, personal service, office, and medical office, making it well suited for businesses looking to expand or establish a strong presence in a dynamic and growing trade area. The center features easy walk-up access, prominent signage opportunities, and excellent frontage along one of the area’s primary commercial corridors.
Ideally positioned less than a mile from the highly anticipated Live! Casino & Hotel Virginia and in close proximity to Fort Gregg-Adams, the property benefits from strong daytime population, workforce density, and increasing regional investment. Located within an Opportunity Zone and offering convenient access to I-95 and downtown Petersburg, this asset presents a compelling combination of stable income, upside through lease-up, and long-term appreciation potential. This is an exceptional opportunity for a company seeking growth, high visibility, and accessibility in a market poised for continued revitalization.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,578 SF
Building Class
C
Year Built
1950
Price
$1,300,000
Price Per SF
$122.90
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.50 AC
Opportunity Zone
Yes
Zoning
B-2
Frontage
Amenities
- Bus Line
- Property Manager on Site
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
1,325 square-feet of retail space plus additional attic storage available for lease.
- F
- 1,300 SF
- Office/Retail
- -
- Now
- G
- 1,162 SF
- Retail
- -
- Now
1,152 square-feet of retail space available for lease.
| Space | Size | Space Use | Position | Available |
| E | 1,672 SF | Retail | In-Line | Now |
| F | 1,300 SF | Office/Retail | - | Now |
| G | 1,162 SF | Retail | - | Now |
| H | 1,152 SF | Retail | In-Line | Now |
E
| Size |
| 1,672 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
F
| Size |
| 1,300 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
G
| Size |
| 1,162 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
H
| Size |
| 1,152 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
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Street
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E
| Size | 1,672 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1,325 square-feet of retail space plus additional attic storage available for lease.
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
H
| Size | 1,152 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1,152 square-feet of retail space available for lease.
Nearby Major Retailers
Property Taxes
| Parcel Number | 065110002 | Improvements Assessment | $497,100 |
| Land Assessment | $110,100 | Total Assessment | $607,200 |
Property Taxes
Parcel Number
065110002
Land Assessment
$110,100
Improvements Assessment
$497,100
Total Assessment
$607,200
1 of 45
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Partially Renovated Petersburg Retail/Office | 2825 S Crater Rd
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