VA > Petersburg
Petersburg, VA 23803,18 S Adams ST
Petersburg, VA 23803,18 S Adams ST
Petersburg, VA 23803,18 S Adams ST
Petersburg, VA 23803,18 S Adams ST
Petersburg, VA 23803,18 S Adams ST
Petersburg, VA 23803,18 S Adams ST
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Shaunda Joy Howerton

Shaunda Joy Howerton

+1(877) 961-4569
$ 595,000
Est. payment | /mo

4,284 SqFt

Save
$ 595,000
Est. payment | /mo
Save

4,284 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,284 sqft

Price per Sqft $138

MLS Listing ID 2501136

HOA Y/N No

Year Built 1965

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 53' x 96'

Property Description

Located at 18 S. Adams St, this 4,284 sq ft, two-story property offers an unparalleled investment opportunity in a rapidly developing area. Situated just one mile from the forthcoming Sycamore Grove development—a dynamic project featuring 76,490 sq ft of retail space, 388 retail parking spaces, 145 residential units with up to 290,000 sq ft of living space, and 239 residential parking spaces—this property is perfectly positioned for future growth. Within half a mile, you'll find Historic Old Towne Petersburg and the soon-to-be-redeveloped Ramada Inn site, with the future Live! Casino and Hotel just five miles away. The property, set on 0.11 acres, is being sold with Fashion Care Cleaners, a well-established dry cleaning business generating $125,000 annually. All business assets, including furniture, fixtures, and equipment (FF&E), are included in the sale. Featuring a newer roof and a highly walkable location near Dollar General, bus stops, Petersburg Area Transit, and the Petersburg Public Library Conference & Event Center, this property offers excellent visibility and accessibility. Flexible B3 zoning allows mixed-use by right, creating sensational value-add with a currently unused second floor. Just minutes from I-95 and I-295, this is an exceptional chance to own a prime commercial property and a thriving business in a community on the rise.

Location

State VA

County Petersburg

Area 57 - Petersburg

Interior

Heating Hot Water, Other, Zoned

Exterior

Roof Type Flat

Topography Level

Total Parking Spaces 7

Building

Lot Description Level

Building Description Brick,Block, No Elevators,Single-Tenant

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick,Block

Others

Tax ID 022-080005

Ownership Investment,Owner-User

Central Virginia Regional MLS (CVR MLS)
Listed by Real Broker LLC
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Find out why customers are choosing LPT Realty to meet their real estate needs

+1(877) 961-4569

realtor@shaundajoyhowerton.com

1101 Wilson Blvd 6th Floor, Arlington, VA, 22209, USA

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18 S Adams ST