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
| Parcel ID | 023-300005 |
|---|---|
| Const. Materials | Brick |
| Zoning Desc. | PUD |
| Construction Date | 1903 |
| Co-broker Fee | Yes |