3268 S Crater Rd | Petersburg, VA 23805
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3268 S Crater Rd
Petersburg, VA 23805
Retail Property For Sale
Investment Highlights
- Potential for future development
- Shopping Center possibility
- Hotel possibility
Executive Summary
Two parcels sold as one totaling 5.214 Acres +/- zoned B-2. 3268 and 3270 S. Crater Road, Petersburg, VA. 23805. Approximately 423 feet road frontage on Route 1/301 South Crater Road. Very near many shopping centers, offices, restaurants, hospital and doctors offices and proposed new casino. Quick access to Intestate 95 and route 460. Fully operational 5622 sqft restaurant building that comes with equipment and ample parking. Go kart tracks, metal garages, additional souvenir shop, old batting cage area that could be brought back to life. Another 2 story restaurant building at 3268 S. Crater that used to service go kart patrons, and includes kitchen equipment. Has an upstairs office and bathroom. Owner financing is a possibility: Owner willing to finance up to 30 yrs at about 7% with $500k-$600k down to qualified buyers. The property has 4 separate electric meters and both buildings have their own water and sewer connections. Great Road frontage, tons of parking, good financing terms and tons of potential
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
5,622 SF
Building Class
B
Year Built
1989
Price
£1,426,194
Price Per SF
£254
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Lot Size
5.12 AC
Zoning
B-2
Parking
112 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
208 ft on S Crater Rd
Amenities
- Bus Route
- Pylon Sign
- Signage
PROPERTY TAXES
Parcel Number | 088-01-0809 | Improvements Assessment | £237,340 |
Land Assessment | £333,137 | Total Assessment | £570,477 |
PROPERTY TAXES
Parcel Number
088-01-0809
Land Assessment
£333,137
Improvements Assessment
£237,340
Total Assessment
£570,477
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