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Partially Renovated Petersburg Retail/Office 2825 S Crater Rd 10,578 SF 56% 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
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
Amenities
- Bus Line
- Property Manager on Site
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This retail and business center at 2825 S. Crater Road in Petersburg, Virginia, offers a well-positioned leasing opportunity with excellent convenience and access. Located just north of Wagner Road and minutes from I-95 (Exit 48), the property provides direct connectivity to regional highways and major commuter routes. It sits along the bus line and includes plentiful parking in front of the building for easy customer access.
This retail and business center at 2825 S. Crater Road in Petersburg, Virginia, offers a well-positioned leasing opportunity with excellent convenience and access. Located just north of Wagner Road and minutes from I-95 (Exit 48), the property provides direct connectivity to regional highways and major commuter routes. It sits along the bus line and includes plentiful parking in front of the building for easy customer access.
This retail and business center at 2825 S. Crater Road in Petersburg, Virginia, offers a well-positioned leasing opportunity with excellent convenience and access. Located just north of Wagner Road and minutes from I-95 (Exit 48), the property provides direct connectivity to regional highways and major commuter routes. It sits along the bus line and includes plentiful parking in front of the building for easy customer access.
This retail and business center at 2825 S. Crater Road in Petersburg, Virginia, offers a well-positioned leasing opportunity with excellent convenience and access. Located just north of Wagner Road and minutes from I-95 (Exit 48), the property provides direct connectivity to regional highways and major commuter routes. It sits along the bus line and includes plentiful parking in front of the building for easy customer access.
| Space | Size | Space Use | Position | Available |
| C | 993 SF | Retail | - | Now |
| F | 1,300 SF | Office/Retail | - | Now |
| G | 1,162 SF | Retail | - | Now |
| H | 1,152 SF | Retail | In-Line | Now |
C
| Size |
| 993 SF |
| Space Use |
| Retail |
| Position |
| - |
| 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 |
C
| Size | 993 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
This retail and business center at 2825 S. Crater Road in Petersburg, Virginia, offers a well-positioned leasing opportunity with excellent convenience and access. Located just north of Wagner Road and minutes from I-95 (Exit 48), the property provides direct connectivity to regional highways and major commuter routes. It sits along the bus line and includes plentiful parking in front of the building for easy customer access.
F
| Size | 1,300 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
This retail and business center at 2825 S. Crater Road in Petersburg, Virginia, offers a well-positioned leasing opportunity with excellent convenience and access. Located just north of Wagner Road and minutes from I-95 (Exit 48), the property provides direct connectivity to regional highways and major commuter routes. It sits along the bus line and includes plentiful parking in front of the building for easy customer access.
G
| Size | 1,162 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
This retail and business center at 2825 S. Crater Road in Petersburg, Virginia, offers a well-positioned leasing opportunity with excellent convenience and access. Located just north of Wagner Road and minutes from I-95 (Exit 48), the property provides direct connectivity to regional highways and major commuter routes. It sits along the bus line and includes plentiful parking in front of the building for easy customer access.
H
| Size | 1,152 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
This retail and business center at 2825 S. Crater Road in Petersburg, Virginia, offers a well-positioned leasing opportunity with excellent convenience and access. Located just north of Wagner Road and minutes from I-95 (Exit 48), the property provides direct connectivity to regional highways and major commuter routes. It sits along the bus line and includes plentiful parking in front of the building for easy customer access.
Nearby Major Retailers
Property Taxes
| Parcel Number | 065110002 | Improvements Assessment | $497,100 |
| Land Assessment | $110,100 | Total Assessment | $607,200 |
Property Taxes
Presented by
Partially Renovated Petersburg Retail/Office | 2825 S Crater Rd
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