Waterfront
Address
Not Disclosed Petersburg, VA
Price
$ 880,000
Property Attributes
  • MLS#2028859
  • TypeCommercial
  • CountyPETERSBURG
  • CityPetersburg
  • Area57 - Petersburg
  • Zip23803
  • Style
  • Price$ 880,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage34992
  • Lot Size9,148 SqFt
Listing Provided Courtesy Of:
Thomas E Rosman with One South Realty Group, LLC.
Data Source:
CVRMLS
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 a gross leasable area of 34,992 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.

Price History
9/21/2020 Listed $880,000

General Features

Construction Materials Brick
Heating Electric
MLS Area 57 - Petersburg
Property Type Commercial Sale
PropertyCondition Average Condition
Roof Other
Rooms Half Bath, Half Bath, Half Bath, Half Bath, Half Bath, Full Bath, Full Bath, Full Bath, Full Bath, Full Bath
Sewer Sanitary
Topography Level

Interior Features

Heating Y/N Yes

Exterior Features

Lot Features Level
Lot Size Acres 0.21
Lot Size Area 0.21
Lot Size Units Acres
Roadresponsibility Public Maintained Road
Water Source Public

Room Details

Room Dimensions Level Flooring Details
Full Bath Third
Full Bath First
Full Bath Second
Full Bath Basement
Full Bath Fourth
Half Bath Third
Half Bath First
Half Bath Second
Half Bath Basement
Half Bath Fourth

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 23803

Price
AVG $690K
$880K
Visits
AVG 74
68
Year Built
AVG 1923
1910

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