2542 S Crater Rd
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2542 S Crater Rd
3,123 SF Retail Building Petersburg, VA 23805 £508,593 (£163/SF) 5.77% Net Initial Yield
Investment Highlights
- Heavy Traffic street front, 54 parking lots.
- New HVAC
Executive Summary
- All new plumbing all the way to city line .
-LED lights through inside and out.
-2 New HVAC 2 - 5 Ton Heat Pump
Currently under lease for a Mexican mani Market and restaurant for 5 years, and 5 years extension.
the building went under contract for 5 years lease and 5 years extension triple net for a Mexican restaurant and grocery store.
its brining $36,000 first year 2nd year 38,4000 and its keep going up every year….)
-LED lights through inside and out.
-2 New HVAC 2 - 5 Ton Heat Pump
Currently under lease for a Mexican mani Market and restaurant for 5 years, and 5 years extension.
the building went under contract for 5 years lease and 5 years extension triple net for a Mexican restaurant and grocery store.
its brining $36,000 first year 2nd year 38,4000 and its keep going up every year….)
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Building Size
3,123 SF
Building Class
C
Year Built
1972
Price
£508,593
Price Per SF
£163
Net Initial Yield
5.77%
NOI
£29,342
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
0.54 AC
Zoning
B-2 - B2 Zoning, Retail, Restaurants
Parking
54 Spaces (17.29 Spaces per 1,000 SF Leased)
Frontage
91 ft on S Crater Rd
Amenities
- Bus Route
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 066-06-0019 | Improvements Assessment | £89,043 |
| Land Assessment | £138,259 | Total Assessment | £227,302 |
PROPERTY TAXES
Parcel Number
066-06-0019
Land Assessment
£138,259
Improvements Assessment
£89,043
Total Assessment
£227,302
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2542 S Crater Rd
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