SVN Auction Services completes sale of office building in Petersburg, Va., for $335,000


Richmond, VA (May 4, 2017) – SVN Auction Services founding partner SVN/Motleys recently completed the sale of a 14,060-square-foot office building in Petersburg, Va. The property sold for $335,000 on April 5.

“This property has fantastic potential, and the buyer was well-aware of that,” said senior advisor Chip Jones, CAI, who handled the sale. “This is a unique and valuable asset in Petersburg.”

The former school complex is at 230 S. Crater Road and is zoned general commercial, with all rights and privileges under the B-2 zoning ordinance. The building is situated on slightly more the 2.5 acres, and has a solid brick exterior with stunning white columns lining the portico front porch and balcony. Daily traffic count exceeds 9,000, according to the Virginia Department of Transportation.

The building was built in 1970 and features a paved and fenced parking lot. Interior features include a grand foyer and staircase leading to the second level, commercial kitchen and a full-sized gymnasium, which could be transformed into warehouse space. There is also plenty of storage rooms, 29 office/classrooms and five bathrooms.

The property is located within the Petersburg city limits, and is about a mile from Interstate 95, nearly two miles from Colonial Heights and slightly more than two miles from Virginia State University. The Southpark Mall and Virginia Motorsports Park are nearby, and it is 23 miles from Richmond.

Contacts

Tim Dudley, CAI, AARE, senior advisor, SVN/Motley / 804-822-3131 tdudley@svn.com 

Ken Zeszutko, Zeszutko Corp.-PR on behalf of SVN Auction Services / 321-213-1818 zeszutko@zcorp-pr.com