37.2163 -77.4783

704 Petersburg Portfolio Street Petersburg, VA 23803

236955478 37.2163 -77.4783 150 /listing/236955478-150204831/704-petersburg-portfolio-street-petersburg-va-23803 False 0 3850000.0 97265 101 1912196 False
  • $3,850,000
  • 97,265 sqft
  • 0.22 lot
  • Est payment $20667.63/mo

Property & Neighborhood Info

Courtesy Of Joyner Fine Properties

Commercial in Petersburg

Commercial building leased to church. Large garage area with 2 overhead doors allow for many uses, including gym, automotive, child care, etc. - This property is sold individually or as part of a 10.5% Cap Rate Portfolio of 52 Properties located in Downtown Petersburg area and including 12 multi-family, 37 single-family, 2 commercial and 1 vacant lot at Va. State University, Fort Lee military base, multiple industrial companies, such as tobacco companies, Walmart distribution and Amazon.com in neighboring Dinwiddie County provide a stable and growing tenant base and opportunity to increase rents with improved market conditions, increased rental population and investment in property shell, systems, new kitchens, baths and miscellaneous upgrades. Petersburg is located on the Interstate 95 corridor is experiencing rapid population growth and development. With existing Amtrak daily northeast regional connection and the planned east coast light-rail system Petersburg is more accessible and an affordable option. sold 'as is'

Courtesy Of Joyner Fine Properties
  1. 97,265 Sq. Ft.
  2. 0.22 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1973
  • Floors: 1
  • County: Petersburg
  • MLS Number:1912196

Additional Features

  • Water:
    • Public
  • Building Square Feet:
    • 97265
  • Gross Income:
    • 526800
  • Legal Description:
    • LOT 10 GILLS ESTATE
  • Listing Key:
    • 348088777
  • Parcel Number:
    • 023-090004
  • Topography:
    • Level
  • Construction:
    • Brick
  • Cooling:
    • Central Air
  • Fence:
    • None
  • Heating:
    • Electric
  • Lease Option:
    • N
  • Possession:
    • Close Of Escrow
  • Road Frontage:
    • City Street
  • Roof:
    • Metal
    • Rubber
    • Shingle
  • Sewer:
    • Sanitary
  • Terms:
    • Conventional
  • Lot Size Dim:
    • 85x111
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Hank Cosby
Hank Cosby
(804) 598-2875
3812 Old Buckingham Road Powhatan VA 23139
no name available Hank Cosby
Request More Info.
37.2163 -77.4783

704 Petersburg Portfolio Street Petersburg, VA 23803

236955478 37.2163 -77.4783 150 /listing/236955478-150204831/704-petersburg-portfolio-street-petersburg-va-23803 False 0 3850000.0 97265 101 1912196 False
  • $3,850,000
  • 97,265 sqft
  • 0.22 lot
  • Est payment $20667.63/mo