Skip To Content

125 N Market Street

Petersburg, VA 23803
  • $1,250,000
  • STATUS: Active
  • ON SITE: 408 Days
  • MLS #: 2228775
UPDATED: 10 min ago
$1,250,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1850
County:

School Ratings & Info

Description

One South Commercial is pleased to bring to market 125 N Market St, a former woodworking and furniture building facility from the late 1800s. This historic property is located in the heart of Petersburgs Courthouse historic district with Enterprise and Opportunity Zone designations. This property includes the building and the neighboring lot of 128 W Tabb St. The property is prime for historic tax credit (both Federal & State) development for Twenty Six (26) 1 and 2 Bdrm apartments. There is also an option to create a total of 40 apartments " 28 1 Bdrm, and 12 Studios (demising plan attached). The DHR Part II Approval has already been secured for the apartment development and the permit set plans have been created by Enteros Design, a Richmond-based, full-service architecture firm. The current structure sits on a generous lot totaling 0.435 acres which will allow for ample off-street parking for residents. 125 N Market St is a fantastic opportunity to breathe new life into a prominent piece of local history.

Monthly Payment Calculator



Central Virginia Regional MLS logo 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 © 2023 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: 2023-12-03T19:57:29.78.
www.kevincurriegroup.com/homes/134134093
Print Image

125 N Market Street Petersburg, VA 23803

  • Price: $1,250,000
  • Status: Active
  • On Site: 408 Days
  • Updated: 10 min ago
  • MLS #: 2228775
0
Beds
0
Baths
0
½ Baths
0.44
Acres
1850
Built
Neighborhood:
57 - Petersburg
County:
Petersburg
Area:
57 - Petersburg
Property Description
One South Commercial is pleased to bring to market 125 N Market St, a former woodworking and furniture building facility from the late 1800s. This historic property is located in the heart of Petersburgs Courthouse historic district with Enterprise and Opportunity Zone designations. This property includes the building and the neighboring lot of 128 W Tabb St. The property is prime for historic tax credit (both Federal & State) development for Twenty Six (26) 1 and 2 Bdrm apartments. There is also an option to create a total of 40 apartments " 28 1 Bdrm, and 12 Studios (demising plan attached). The DHR Part II Approval has already been secured for the apartment development and the permit set plans have been created by Enteros Design, a Richmond-based, full-service architecture firm. The current structure sits on a generous lot totaling 0.435 acres which will allow for ample off-street parking for residents. 125 N Market St is a fantastic opportunity to breathe new life into a prominent piece of local history.
Exterior Features

Construction Materials Brick Levels Three Or More Lot Features Level Road Frontage Type City Street Roof Built Up Topography Level

Interior Features

Basement YN No Building Area Total 27300 Heating None Heating YN No Rooms Total 8

Property Features

Buyer Agency Compensation 3.00 Lease Considered YN No Sewer Public Sewer Tax Lot 29 Water Source Public Zoning Description B-3

Central Virginia Regional MLS logo Listing provided by One South Realty Group, Llc: 804-353-0009. Listing information © 2023 CVRMLS and CBRAR.


Central Virginia Regional MLS logo 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 © 2023 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: 2023-12-03T19:57:29.78.
 
https://bt-photos.global.ssl.fastly.net/cvrmls/orig_boomver_1_2228775-2.jpg https://bt-photos.global.ssl.fastly.net/cvrmls/orig_boomver_1_2228775-2.jpg https://bt-photos.global.ssl.fastly.net/cvrmls/orig_boomver_1_2228775-2.jpg
Logo
Kevin Currie Group | Hometown Realty
3027 W. Cary St.
Richmond VA, 23221