Corporate Surplus: 1900sf Freestanding Retail w/High Traffic Petersburg, VA

Property Location MAP

2716 South Crater Road
Petersburg, VA 23805

Property #: KEY5198

Contact Agent

Page Londrey
Tranzon Key

804-400-9294 Or 888-621-2110 plondrey@tranzon.com
Attention investors and users, this former tobacco and vape shop on high-traffic South Crater Road is ready for your vision! Less than a mile from the under-construction Live! Casino & Hotel Virginia, a $1.4 billion development set to open its permanent facility in 2027. Features of the freestanding retail building include:
  • +/-1,900 square foot building
  • +/-0.44 Acre site
  • Highly-visible pylon sign
  • 19 Parking spaces
  • Large walk-in Cooler
  • Desirable B-2 zoning
  • Convenient access for north and southbound traffic
  • Traffic count: +/-18,000 Vehicles per day
  • Multiple security cameras
 
Parcel ID#: 065140003
2026 Tax Assessment: $429,900
2026 Annual Taxes: $5,460
 
Note to Buyers: Closing will be handled by Fidelity National Title’s National Commercial Services Division in Phoenix, AZ with Seller paying for Buyer’s title insurance. Closings are normally done remotely.
 
Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.

VAAF423

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Page Londrey

Page Londrey: Tranzon Key

804-400-9294 plondrey@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: Must close on or before September 25, 2026, sold in As-Is condition, no contingencies.
  • Deposit Amount: Online registration requires $9,900 hold on a valid credit card. The hold will be released post-auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
  • Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

See terms and conditions in the property information package.

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