530 S Crater Road
Petersburg, VA, 23803 $ 279,000
Bedrooms-- Baths-- Sq 1,380 Monthly Estimate*
$ 1,927
Commercial Property for sale in Petersburg, VA
for $279,000. This 1,380 square foot building was built in 1947 on a lot size of 0.69.
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 - 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.
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FeaturesGeneralSewer Public Sewer
Heating Electric
Cooling Central Air
Possession Subject To Tenant Rights
Roof Composition
Construction Materials Brick Block
Year Built 1947
Stories 1
Topography Level
Levels One
Percent Ownership Investment
County Petersburg
Property Type Commercial Sale
Possible Use Mixed Use Office Retail
Building Features No Elevators Single-Tenant
Full Baths 0
Status Pending
MLS Area 57 - Petersburg
Lot Size Units Acres
Property Condition Good Condition
Lease Considered Y/N false
Virtual Tour http://www.propertiesinmotion.com/property-tours/183093165
Days on Market 224
Standard Status Pending
Tax Assessed Value 0
Tax Lot 7
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InteriorTotal Stories 1
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Total Baths 0
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ExteriorLot Features Level
Water Source Public
Lot Size Area 0.69
Building Area Total 1380
Lot Size Acres 0.69
Road Frontage Type City Street
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* Excluded FeaturesList ByDavid PatselListing Agent
Napier Realtors, EraBroker
david.patsel@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,927
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/23/2026 | $279,000 | -6.98% | Price Down |
| 12/4/2025 | $299,950 | | Listed Price |