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