124 Chappell St Petersburg, VA 23803-3911

This expansive 16,038 square foot industrial/warehouse property, situated on a 1.23-acre lot at 124 S Chappell Street in Petersburg, Virginia, presents a compelling investment opportunity. Currently configured as a large warehouse space, the property offers significant potential for adaptive reuse. Its size and location make it suitable for a variety of commercial ventures, including, but not limited to, continued use as a warehouse or distribution center. The substantial square footage also allows for the possibility of conversion into a multi-unit rental apartment building, subject to all necessary permits and approvals. Prospective buyers are encouraged to conduct their own due diligence to explore the full range of development options. The property's 1.23-acre lot provides ample space for expansion, parking, or outdoor storage. The asking price is $500,000. This is a rare chance to acquire a large-scale commercial property in a growing area with considerable upside potential. Serious inquiries only. All information deemed reliable but not guaranteed.