UNDER CONTRACT | 622 E Wythe St Petersburg, VA 23803

$650000

Extended Stay, Motel/Inn
Property Type

52 
Units

.946 AC
Parcel

14,629 SF
GBA

Under Contract Listing

About This Property

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.

Additional Information

53
Walkability

33
Transit

Units 52
Parcel ID 012-320004
Const. Materials Brick
Zoning Desc. B-2
Construction Date 1983
Co-broker Fee Yes

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