42
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$780,000
Est. payment /mo
4,788 SqFt
Active
712 Grove AVE Petersburg, VA 23803
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,788 sqft
Price per Sqft $162
MLS Listing ID 2502882
Style Garden Home
HOA Y/N No
Year Built 1912
Lot Size 6,708 Sqft
Acres 0.154
Property Description
Mixed-use property located in the heart of historic Petersburg, VA. The property consists of 4 residential units and one NNN commercial space. Close by, you will find the ever-growing Virginia State University, U.S. Army base Fort Lee, Amazon Fulfillment Center and other major employers in the Tri-Cities area, situated within the I-95 corridor and Richmond MSA. 712 Grove Ave features four historic loft apartments and one commercial retail space, currently occupied by a local barbershop. The building houses three 1-bedroom/1-bathroom units and one 2-bedroom/2- bathroom unit. Completely redeveloped using historical tax credits, all units feature premium finishes and historic charm, including stainless steel appliances, tall ceilings, and hardwood flooring. Residents can enjoy the in-unit washer and dryers and ample off-street parking. All residential units are individually metered for electricity. The property is prime for short term rental opportunities. The historic redevelopment 712 Grove Ave has brought forth a truly unique asset that is perfect for an investor looking to acquire a stabilized mixed-use property. Now is the perfect time to purchase property or grow your portfolio in the ever exciting Petersburg market.
Location
State VA
County Petersburg
Area 57 - Petersburg
Interior
Cooling Central Air
Exterior
Roof Type Flat
Topography Level
Building
Lot Description Level
Building Description Brick, Multi-Tenant,No Elevators
Story 2
Sewer Public Sewer
Water Public
Architectural Style Garden Home
Level or Stories Two
Structure Type Brick
Others
Tax ID 010-140001
Ownership Investment
Listed by One South Commercial LLC