Active Listing

125 North Market Street & 128 West Tabb Street
Petersburg, VA 23803

$1450000

Development Site, Multi-Family, Warehouse
Property Type

36 
Units

0.435 AC
Parcel

27,363 SF
GBA

Property Summary

One South Commercial is pleased to bring to market 125 N Market St, a former woodworking and furniture building facility from the late 1800s. This historic property is located in the heart of Petersburg’s Courthouse historic district with Enterprise and Opportunity Zone designations. This property includes the building and the neighboring lot of 128 W Tabb St. The property is prime for historic tax credit (both Federal & State) development for 26-36 apartments. The DHR Part II Approval has already been secured for the apartment development and the permit set plans have been created by Enteros Design, a Richmond-based, full-service architecture firm. The current structure sits on a generous lot totaling 0.435 acres which will allow for ample off- street parking for residents. 125 N Market St is a fantastic opportunity to breathe new life into a prominent piece of local history.

PROPERTY HIGHLIGHTS:

  • Opportunity & Enterprise Zone
  • B-3 Zoning
  • DHR Part II Approval
  • 27,363 SF

PROPERTY DETAILS

Units 36
Parcel ID 011-240001 & 011-240002
Const. Materials Brick
Zoning Desc. B-3
Construction Date 1846
Co-broker Fee Yes

0
Walkability

0
Transit

PROPERTY PHOTOS

PROPERTY LOCATION

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