530 S Crater Road, Petersburg, VA 23803

Property Description

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.