Positioned in the heart of Old Town Petersburg, this striking 2.5-story historic property offers a rare opportunity to reimagine nearly 4,852 square feet of character-rich space in one of the city’s most promising growth corridors. Formerly operated as a multifamily asset, the building’s existing layout provides a strong foundation for… Read More redevelopment into boutique apartments, professional office space, or a dynamic mixed-use concept. With its timeless architectural details and prominent presence, the property blends historic charm with flexible potential—ideal for investors or owner-occupants seeking a signature project with lasting impact. Adding to its appeal, the property is located within an Enterprise Zone and may qualify for valuable historic tax credits, creating meaningful financial incentives to support renovation and repositioning. Just five miles from Petersburg’s highly anticipated Live! Casino development, this location stands to benefit from increased economic activity, job growth, and renewed community investment. Whether restored as an income-producing asset or transformed into a distinctive headquarters or live-work environment, this property represents a compelling opportunity to capitalize on Petersburg’s continued revitalization. Read Less
Courtesy of One South Commercial LLC 804-266-8831
Listing Snapshot
Days Online
219
Last Updated
Property Type
Other
Square Ft.
4,852
Lot Size
0.19 Acres
Year Built
1900
MLS Number
2604097
30 Days Snapshot Of 23803
$267k
-11%
(avg) sold price
37
+5%
homes sold
28
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: CityStreet
Building
Construction Materials: Brick, Features: MultiTenant, NoElevators, Rooms Total: 12
Lot
Parcel Number: 023-210008
Property
Property Sub Type: Other, Topography: Level
Taxes
Tax Assessed Value: $0, Tax Legal Description: 55-53 X 150
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