Property Listing No Longer Available for Sale

2623 Park Avenue, Petersburg, VA

Office for Sale - $1,306,000 - 11,000 Sq. Ft.


Property Info

CIMLS#455938
Location
  2623 Park Avenue
  Petersburg VA 23805
UpdatedAugust 13th, 2012
TypeOffice
Price$1,306,000
Building11,000 Sq. Ft.

Property Description

Built in 1992, subject property is spacious and functional and includes reception area, 2 offices, restrooms, and is handicapped accessible.

Location Description:

Located on the NE corner of Park Ave. and Oak Hill Rd. with easy access to Interstate 95. Location of subject property gets high traffic counts.

Highlights:

>> 100% Occupancy

>> 3% Annual rent increases

>> Long term State of Virginia tenant

>> Possible 5-10yr extension at 8% CAP

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