Property Summary
PROPERTY INFO
277,000 sq. ft. surface parked historic warehouse
Residential PUD (Planned Unit Development) Zoning
Eligible for state and federal tax credits
Historic designations in hand
SUBMARKET METRICS
Multifamily sales in Petersburg have grown 3x over the several years
Submarket pricing has increased by nearly $50,000 per unit since 2017
Rent growth and occupancy have tracked those of Richmond proper
Limited development pipeline supports healthy absorption
PROPERTY DETAILS
| Units | 1 |
|---|---|
| Parcel ID | 023-300005 |
| Const. Materials | Brick |
| Zoning Desc. | PUD |
| Construction Date | 1903 |
| Co-broker Fee | Yes |