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25-27 S Jefferson Street

Petersburg, VA 23803
  • $360,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 2414672
New On Site 5 Days Ago
UPDATED: 120 min ago
$360,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1755
County:

School Ratings & Info

Description

Transformative Opportunity: Historic 6-Unit Multifamily Redevelopment in Downtown Petersburg, VA. Embark on an extraordinary redevelopment journey with this historic 6-unit multifamily property located in the bustling heart of downtown Petersburg, VA. This property offers a rare chance to blend the charm of the past with the promise of the future. Strategically positioned next to a beautifully renovated sister property at 29-31 S Jefferson St, this project is poised to become a standout feature in a rapidly revitalizing area. This unique property is comprised of 5 apartment units in the main house with a potential 6th unit in the detached carriage house. The property has already received significant improvements to prepare it for redevelopment including a brand-new roof and selective demolition to prepare for modernization. Additionally, a new driveway and extensive sitework and landscaping have been completed, enhancing the property's curb appeal and functionality. Nestled in downtown Petersburg, this property benefits from a vibrant urban atmosphere with easy access to local shops, dining, entertainment, and public transportation. Its location next to 29-31 S Jefferson and just across from historic tax credit project, The Flats at Wythe, underscores the area's progress, potential, and market appeal. With some essential upgrades already completed, this property is primed for further redevelopment. Investors have the opportunity to tailor the interiors to modern standards while preserving the historic charm, attracting tenants seeking a blend of old-world elegance and contemporary comfort. The property's proximity to a fully renovated sister property creates a cohesive and attractive community environment, enhancing the desirability for prospective tenants. Take advantage of potential historic tax credits and incentives available for properties within designated historic districts, providing financial benefits that enhance the project's viability.

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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 © 2024 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: 2024-06-12T09:57:29.43.
www.kevincurriegroup.com/homes/151408387
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25-27 S Jefferson Street Petersburg, VA 23803

  • Price: $360,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 120 min ago
  • MLS #: 2414672
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1755
Built
Neighborhood:
57 - Petersburg
County:
Petersburg
Area:
57 - Petersburg
Property Description
Transformative Opportunity: Historic 6-Unit Multifamily Redevelopment in Downtown Petersburg, VA. Embark on an extraordinary redevelopment journey with this historic 6-unit multifamily property located in the bustling heart of downtown Petersburg, VA. This property offers a rare chance to blend the charm of the past with the promise of the future. Strategically positioned next to a beautifully renovated sister property at 29-31 S Jefferson St, this project is poised to become a standout feature in a rapidly revitalizing area. This unique property is comprised of 5 apartment units in the main house with a potential 6th unit in the detached carriage house. The property has already received significant improvements to prepare it for redevelopment including a brand-new roof and selective demolition to prepare for modernization. Additionally, a new driveway and extensive sitework and landscaping have been completed, enhancing the property's curb appeal and functionality. Nestled in downtown Petersburg, this property benefits from a vibrant urban atmosphere with easy access to local shops, dining, entertainment, and public transportation. Its location next to 29-31 S Jefferson and just across from historic tax credit project, The Flats at Wythe, underscores the area's progress, potential, and market appeal. With some essential upgrades already completed, this property is primed for further redevelopment. Investors have the opportunity to tailor the interiors to modern standards while preserving the historic charm, attracting tenants seeking a blend of old-world elegance and contemporary comfort. The property's proximity to a fully renovated sister property creates a cohesive and attractive community environment, enhancing the desirability for prospective tenants. Take advantage of potential historic tax credits and incentives available for properties within designated historic districts, providing financial benefits that enhance the project's viability.
Exterior Features

Architectural Style Garden Home Construction Materials Brick Levels Two Lot Features Level Road Frontage Type City Street Roof Built Up Topography Level

Interior Features

Basement YN No Building Area Total 3781 Cooling Central Air Cooling YN Yes Rooms Total 7

Property Features

Lease Considered YN No Ownership Investment Property Condition Under Construction Sewer Community Coop Sewer Water Source Public

Central Virginia Regional MLS logo Listing provided by One South Commercial LLC: (804) 353-0009. Listing information © 2024 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 © 2024 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: 2024-06-12T09:57:29.43.
 
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Kevin Currie Group | Hometown Realty
3027 W. Cary St.
Richmond VA, 23221