2237 E Washington Street, Petersburg, VA 23803

Property Description

2237 & 2225 E Washington Street, Petersburg, VA 23803 For Sale – Prime Dual Mixed-Use / Commercial Investment Opportunity. Needs renovations — value-add opportunity for the right investor or owner-operator! Key Features: Total Area: ~11,000± sq. ft. Unit Mix: Upper Floor: • 3 × 2-bedroom / 2-bath apartments • 4 × 1-bedroom / 1-bath apartments Main Floor between the two properties: 4 separate commercial suites, ideal for retail, service, office, storage units, warehousing etc. Total of 11 potential doors. At this very attractive price - that's ONLY ~ $36000 per door! Zoning: B-2 General Commercial – versatile uses allowed. Most of the framing for the apartments have been completed, sewer lines have been upgraded to PVC, newer roofs on both buildings, some electrical has been completed, newer windows. Parking lot recently resealed. Location & Growth Dynamics: Prime location along East Washington St, a high-visibility corridor in Petersburg. Close proximity to the upcoming new casino development, which is expected to drive foot traffic, investment, and consumer spending in the area. Several companies and businesses are relocating or expanding into Petersburg, increasing demand for retail, service, housing & mixed-use space. Easy access to I-95 and I-85, Downtown Petersburg, Hopewell, Colonial Heights and Fort Gregg-Adams / Lee, making this site attractive for residents, workers, and commuters. This is also within the Richmond Metro area. Investment & Redevelopment Potential: Four commercial units + 7 residential units = multiple income streams. Ideal uses: full mixed-use operation (apartments above + retail/service below), conversion or redevelopment as zoning allows or convert it all into a multifamily building. Sold as-is, inspections are for informational purposes only. No owner financing. Will not separate Parcels. Verify all information.