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    411 Cockade Aly Petersburg, VA 23803

    For Sale
    $350,000

    Mixed-use, high-visibility downtown gem.

    Property size:
    1,584 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This stunning 1,584 sq ft townhouse, situated in Petersburg's historic district at 411 Cockade Alley, presents a unique investment opportunity. Built in 1815, this meticulously renovated building seamlessly blends commercial and residential spaces. The ground floor offers versatile office space, while the second floor operates as a successful Airbnb, fully furnished (excluding some personal items). The property boasts a positive cash flow and is turnkey, ready for immediate rental income. Its prime location on a cobblestone street places it adjacent to upscale restaurants, shops, and the Petersburg Area Art League gallery, ensuring high visibility and foot traffic. Public parking is conveniently available both in front and behind the building. Adding to its appeal, this property is located within an enterprise zone, making it eligible for tax credits for any future renovations. Outdoor patio space and convenient side street parking further enhance its desirability. Showings for the second floor require 24-hour notice to accommodate current guests. This is a rare chance to own a piece of Petersburg's rich history and secure a profitable investment.

    Property Features for 411 Cockade Aly

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,584 SF

    Building Details

    Year Built
    1815
    Insight Report Location Intelligence

    Current Use by Public Records

    Appomattox Title Company ... Title Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Petersburg
    State
    Virginia
    Longitude
    -77.40383
    Latitude
    37.23304

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use, high-visibility downtown gem.
    Where is this mixed-use property located?
    The property is located at 411 Cockade Aly Petersburg, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    (804) 524-9001
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    411 Cockade Aly Petersburg, VA 23803
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    Petersburg, VA 23803
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    411 Cockade Aly Petersburg, VA 23803
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