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1501 W Washington Street

Petersburg, VA 23803
  • $5,400,000
  • STATUS: Active
  • ON SITE: 174 Days
  • MLS #: 2200443
UPDATED: 38 min ago
$5,400,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1966
County:

School Ratings & Info

Description

Consisting of over 100K SF of leased warehouse space and a pad site to build an additional 30K SF of in demand industrial space, this property will bring a strong return with a large upside. There is also approx. 8,500 square feet of available office space that an owner can lease, further increasing cash flow. The buildings are situated on 8.52 acres, and are on the premier thoroughfare in Petersburg, US Highway 460. With plentiful parking, and a great street presence, this property will always be a place where companies want to locate.The Industrial Market in the Richmond-Petersburg market has never been so hot as the demand exceeds supply by a large margin. Rental rates are rising at unprecedented levels but Richmond Petersburg is much more reasonable compared to the Northern Virginia market, insuring long term health in the market. Petersburg sits at the intersection of I-95 and I-85, making it a distribution hub for the entire East Coast.1501 W Washington has three tenants in Triple Net Leases where the tenants pay all utilities, taxes and insurance along with all maintenance of the buildings.

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Central Virginia Regional MLS logo All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2022 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-07-01T21:57:25.227.
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1501 W Washington Street Petersburg, VA 23803

  • Price: $5,400,000
  • Status: Active
  • On Site: 174 Days
  • Updated: 38 min ago
  • MLS #: 2200443
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1966
Built
Neighborhood:
57 - Petersburg
County:
Petersburg
Area:
57 - Petersburg
Property Description
Consisting of over 100K SF of leased warehouse space and a pad site to build an additional 30K SF of in demand industrial space, this property will bring a strong return with a large upside. There is also approx. 8,500 square feet of available office space that an owner can lease, further increasing cash flow. The buildings are situated on 8.52 acres, and are on the premier thoroughfare in Petersburg, US Highway 460. With plentiful parking, and a great street presence, this property will always be a place where companies want to locate.The Industrial Market in the Richmond-Petersburg market has never been so hot as the demand exceeds supply by a large margin. Rental rates are rising at unprecedented levels but Richmond Petersburg is much more reasonable compared to the Northern Virginia market, insuring long term health in the market. Petersburg sits at the intersection of I-95 and I-85, making it a distribution hub for the entire East Coast.1501 W Washington has three tenants in Triple Net Leases where the tenants pay all utilities, taxes and insurance along with all maintenance of the buildings.
Exterior Features

Construction Materials Brick Levels One Lot Features Level Road Frontage Type City Street Roof Built-Up Topography Level

Interior Features

Basement YN No Building Area Total 100492 Heating Other Rooms Total 2

Property Features

Property Condition Average Condition Sewer Public Sewer Water Source Public

Central Virginia Regional MLS logo Listing provided by One South Realty Group, Llc: (804) 353-0009. Listing information © 2022 CVRMLS and CBRAR.


Central Virginia Regional MLS logo All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2022 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-07-01T21:57:25.227.
 
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