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    Address Not Available By Request

    Petersburg, VA 23803
    • $880,000
    • STATUS: Active
    • ON SITE: 27 days
    • MLS #: 2028859
    UPDATED: 21 min ago
    $880,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1910
    County:

    School Ratings & Info

    Description

    For sale is 112-114 N Sycamore St in Downtown Petersburg. This listing consists of a four-story commercial building on Petersburg’s most prominent street. Sycamore St is famous for its art galleries, eclectic shops, restaurants, historic buildings, and apartments. Located right in all of this activity, this listing is within walking distance to Old Towne Petersburg and the Appomattox waterfront to the north. The building was constructed in 1910 with an approximate floor area of 22,000 SF. A large retail storefront occupies the ground level and was the former location of the Cosmos clothing store. The upper floors are currently vacant and present an excellent opportunity for redevelopment into apartments to meet the rising demand of multifamily housing in Petersburg. Redevelopment of this building may also qualify for State and Federal Historic Tax Credits. Growth at Virginia State University, Fort Lee, and other nearby major employers such as Amazon have greatly increased the demand for Downtown apartments. With the high demand, this listing offers a perfect opportunity for a low-cost acquisition with significant investment return potential.

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    All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2020 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-10-19T22:57:12.463.
    www.bestrvahomes.com/homes/110246884
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    Address Not Available By Request Petersburg, VA 23803

    • Price: $880,000
    • Status: Active
    • Updated: 21 min ago
    • MLS #: 2028859
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1910
    Built
    Neighborhood:
    57 - Petersburg
    County:
    Petersburg
    Area:
    57 - Petersburg
    Property Description
    For sale is 112-114 N Sycamore St in Downtown Petersburg. This listing consists of a four-story commercial building on Petersburg’s most prominent street. Sycamore St is famous for its art galleries, eclectic shops, restaurants, historic buildings, and apartments. Located right in all of this activity, this listing is within walking distance to Old Towne Petersburg and the Appomattox waterfront to the north. The building was constructed in 1910 with an approximate floor area of 22,000 SF. A large retail storefront occupies the ground level and was the former location of the Cosmos clothing store. The upper floors are currently vacant and present an excellent opportunity for redevelopment into apartments to meet the rising demand of multifamily housing in Petersburg. Redevelopment of this building may also qualify for State and Federal Historic Tax Credits. Growth at Virginia State University, Fort Lee, and other nearby major employers such as Amazon have greatly increased the demand for Downtown apartments. With the high demand, this listing offers a perfect opportunity for a low-cost acquisition with significant investment return potential.
    Exterior Features

    Construction Materials Brick Lot Features Level Road Responsibility Public Maintained Road Roof Other Topography Level

    Interior Features

    Basement YN No Building Area Total 22000 Heating Electric Heating YN Yes

    Property Features

    Property Condition Average Condition Sewer Sanitary Water Source Public

    Listing courtesy of One South Realty Group, Llc. Listing information © 2020 CVRMLS and CBRAR.


    All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2020 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-10-19T22:57:12.463.
     
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