Press Release brought to you by SVN Auction Services

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

05/04/2017

Richmond, Va. – 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.

About SVN Auction Services

SVN Auction Services is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional accelerated marketing advisors throughout the United States who specialize in accelerated marketing services for commercial real estate assets. SVN Auction Services offers the industry’s most comprehensive spectrum of auction solutions — from rapid asset resolution and 30-day countdown asset sales to wide area and high impact/high promotion events. As part of one of the most recognized and reputable commercial real estate firms in the industry, SVN Auction Services is supported by SVN International, which features 200 locations serving more than 500 markets. This relationship provides outstanding opportunities for SVN Auction Services to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers.  For more information, visit SVN Auction Services.

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 

Source

SVN Auction Services

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