Property Summary
Located just moments away from I-95 in Petersburg, Virginia, this former motel provides any investor an exciting opportunity to redevelop the existing structure into extended stay living or traditional multi-family.The current structure features a 52 room building on a .946 acre parcel of land all of which is located within an opportunity zone and enterprise zone. The corner lot provides prominent street frontage on both East Wythe Street and South Carter Road.
622 E Wythe Street is conveniently within the Richmond MSA allowing residents close living to all three cities in the tri-city region as well as a quick commute to downtown Richmond. The entire region is an ever growing and evolving part of Virginia and provides ample major employment opportunities such as Amazon, Army base Fort Lee, and Virginia State University.
PROPERTY DETAILS
| Units | 52 |
|---|---|
| Parcel ID | 012-320004 |
| Const. Materials | Brick |
| Zoning Desc. | B-2 |
| Construction Date | 1983 |
| Co-broker Fee | Yes |