30 Franklin St Petersburg, VA 23803

$3,950,000
Price

Mixed Use, Multi-Family, Office
Property Type

20 
Units

0.51 AC
Parcel

24,826 SF
GBA

Active Listing

About This Property

7-Story Retail/Office + 20 Unit Multifamily Building in Petersburg

One of the Petersburg’s most prominent architectural landmarks, this iconic 7-story building that formerly housed BB&T Bank was renovated in 2016 into a mixed-use buiding with multi-tenant commercial spaces in the lower level up to the third floor and 20 apartments in the upper floors of the building.

The 11,610 SF of commercial space includes highly visible storefronts along Franklin and N Adams Streets and is perfect for retail, office, or hospitality uses. A large parking lot with 30 spaces provides convenient off-street parking in addition to the numerous on-street spaces. Access to and from the property is further enhanced with Interstate 95 less than 0.5 miles away.

The 20 apartments feature high-end finishes and perhaps the best available views of Historic Downtown Petersburg. In addition, tenants enjoy a fitness center, community room, and storage facilities.

Petersburg is seeing a wave of revitalization that includes new construction, increased market rent/sales rates, and growth in population and employment. Also located in an Opportunity Zone, 30 Franklin St is poised to maximize the return on investment potential. As one of the most recognizable and iconic buildings in Downtown Petersburg, this listing is well-positioned to benefit from continued economic development and demographic growth that have become hallmarks of this fast growing market.

Additional Information

79
Walkability

14
Transit

Units20
Parcel ID011280004
Zoning Desc.B-3
Construction Date1930
Co-broker FeeYes

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