Active Listing

Apartment Investment Opportunity | 4 Apartments + 1 Commercial Space | 712 Grove Avenue
Petersburg, VA 2803


Mixed Use, Multi-Family
Property Type


0.154 AC

4,788 SF

Property Summary

The property consists of 4 residential units and one NNN commercial space. Close by, you will find the ever-growing Virginia State University, U.S. Army base Fort Lee, Amazon Fulfillment Center and other major employers in the Tri-Cities area, situated within the I-95 corridor and Richmond MSA.

712 Grove Ave features four historic loft apartments and one commercial retail space, currently occupied by a local barbershop. The building houses three 1-bedroom/1-bathroom units and one 2-bedroom/2- bathroom unit. Completely redeveloped using historical tax credits, all units feature premium finishes and historic charm, including stainless steel appliances, tall ceilings, and hardwood flooring. Residents can enjoy the in-unit washer and dryers and ample off-street parking. All residential units are individually metered for electricity.

The historic redevelopment 712 Grove Ave has brought forth a truly unique asset that is perfect for an investor looking to acquire a stabilized mixed-use property. Now is the perfect time to purchase property or grow your portfolio in the ever exciting Petersburg market.

  • NNN commercial tenant
  • 4 apartments + commercial space
  • Ample parking
  • Redeveloped in 2014
  • In-unit washer & dryer
  • Apartments individually metered for electricity


Units 5
Parcel ID 010140001
Const. Materials Masonry
Zoning Desc. MXD1
Construction Date 1912
Co-broker Fee Yes




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