Free-standing commercial building for sale in Petersburg! This property has 1,380 square feet, electric heat and central air, several rooms, a kitchen, a bathroom, and ample parking in a convenient location. The property has been a gas station, a restaurant, an insurance agency, and is now a day care center… Read More - so many commercial possibilities here! Invest and keep the current tenant for some additional income, flip and resell when the lease is up, collect the rent and turn the building into your dream business at the end of the lease, lots of options here! Current tenant pays $1,850.00 for 2026, and that will go up a percentage every year remaining in the current lease. April 1st 2027 - $1900.00, April 1st 2028 - $1950.00, April 1st 2029 - $2010.00. Current tenant responsible for paying property taxes and insurance, building maintenance and all utilities. Lease ends March 31st, 2030. Also included is a commercial billboard sign on this property - this lease is up on July 31st, 2034, and the annual rent is $3,600.00! Total of $25,000 in income yearly altogether. Come see it. Read Less
Courtesy of Napier Realtors, ERA 804-524-9001
Listing Snapshot
Days Online
306
Last Updated
Property Type
Other
Square Ft.
1,380
Lot Size
0.69 Acres
Year Built
1947
MLS Number
2532258
30 Days Snapshot Of 23803
$267k
-11%
(avg) sold price
37
+5%
homes sold
28
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: CityStreet
Building
Construction Materials: Brick, Block, Features: NoElevators, SingleTenant
Lot
Parcel Number: 020-040017
Property
Property Condition: GoodCondition, Property Sub Type: Other, Topography: Level