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$ 275,000
Est. payment /mo
Active
716 W Washington ST Petersburg, VA 23803
4,852 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,852 sqft
Price per Sqft $56
MLS Listing ID 2604097
Style Garden Home
HOA Y/N No
Year Built 1900
Lot Size 8,232 Sqft
Acres 0.189
Property Description
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 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.
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.
Location
State VA
County Petersburg
Area 57 - Petersburg
Interior
Heating Wall Furnace
Exterior
Roof Type Built-Up
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 023-210008
Ownership Investment,Owner-User
Listed by One South Commercial LLC
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