1. Virginia
  2. Petersburg
  3. 18 S Adams St
$595,000

18 S Adams St, Petersburg, VA 23803

  • 4,284 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1965
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $139/sqft
  • Property List Date Icon Listed 5 months ago

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.

Listing Status:
Active
Listing Office:
Real Broker LLC : (855) 450-0442
Listing Agent:
David Gaulden : (804) 869-3059
MLS ID:
2501136
  • Heating: Hot WaterOtherZoned

This listing courtesy of David Gaulden, Real Broker LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cool Spring Elementary School

1450 Talley Ave, Petersburg, VA, 23803

Grades KG-5

1.71 miles away

V

Vernon Johns Middle School

3101 Homestead Dr, Petersburg, VA, 23805

Grades 6-8

2.79 miles away

P

Petersburg High School

3101 Johnson Rd, Petersburg, VA, 23805

Grades 9-12

2.79 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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