3270 Crater Rd Petersburg, VA 23805

This exceptional Petersburg, VA commercial property offers a unique investment opportunity. Spanning over 4 acres (tax records show 5.2 acres), the property includes a fully operational 5,622 sq ft restaurant with all equipment and a roof approximately 6 years old. Two go-kart tracks are also on-site, complete with a large metal garage stocked with karts and parts. A second two-story building features a ground-floor restaurant that previously served the go-kart track, along with upstairs office and bathroom space. Additional structures include batting cages and a souvenir shop. The property boasts four electric meters, individual water and sewer connections for each building, and approximately 440 feet of road frontage with ample paved parking. Conex boxes and trailers may also be included in the sale. The owner offers attractive financing: 7% interest, up to 30-year amortization, and a $500,000 down payment. This multifaceted property presents significant redevelopment potential, allowing for the retention of the existing restaurant while exploring diverse options for the remaining land. This is a rare chance to acquire a substantial commercial property with diverse income streams and significant upside.