Katherine Caruso - REMAX Distinctive
125 North Market Street
, VA 23803

Description

An incredible opportunity for a developer to convert this iconic 4-level Petersburg brick structure into apartments. Petersburg, with its prime location near I-95 and I-85, is only a 10 hour drive to 50 percent of the population of the United States, and only a 20-minute drive from Richmond, one of the fastest-growing metro regions in the county. Petersburg is also next door to one of the largest US army bases, averaging more than 26,000 military members, their families and contractors, not to mention the 70,000 troops who pass through it each year for training. Building owner calculates a total of 30,000 +/- square feet under roof in this historic 1850 building. The adjacent lot at 121 North Market (tax ID 001-24-0025) is included and offers 14,126 +/- square feet of parking area plus additional parking behind the building itself. The upper floor windows offer a spectacular view of the Old Towne area. The Petersburg Library, museums, restaurants and multiple micro-breweries are in easy walking distance. Architect renderings are available for review. Owner for last 30 years has done much renovation and will offer guided tours of the structure by appointment.

Details

MLS#1628474
Sub-TypeResale
StatusActive
Year1850
Days On Site213

Features

Story(s)4
ZoningB-3

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Attachments

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Area Information

StateVA
Zip Code23803
Area57 - Petersburg
Listing VS Median (in 23803)
Price:
$740,000
low | high
Med:
$110,000
100% of Average
On Site:
213
low | high
Med:
41
100% of Average
Listing Updated: 11/15/2018
MLS Number: 1628474
Listing Provided By:
Darrell Olgers  of  Long Foster REALTORS