Historic Manufacturing
For Sale
Contact for pricing
125 Market St, Petersburg, VA 23803
Late-1800s facility includes an adjoining lot and approved apartment development plans.
Lot Size0.43 Acres
Days on Market1327
Property Features for 125 Market St
General Information
Standard status
Active
Lot size
0.43 Acres
Property subtype
LAND
Additional Details
Opportunity Zone
Yes
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
One South Commercial
(540) 532-6435
Listed By:
Isaac Weintz · License #0225250413
(540) 532-6435
Source:
Moodyscre
Added: Dec 12, 2022
Changed: Jul 31
Last Checked: Jul 31 at 2:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of One South Commercial
Investment Insights
Based on property information with market context.
This late-1800s former woodworking and furniture facility includes the building at 125 N Market St and the neighboring lot at 128 W Tabb St. The property sits within Petersburg’s Courthouse historic district and carries Enterprise and Opportunity Zone designations. The combined site totals 0.435 acres, providing room for off-street parking within the property layout.
Apartment redevelopment plans have been created by Enters Design, a Richmond-based full-service architecture firm, and DHR Part II Approval has been secured for the apartment development. The plans support 26 one- and two-bedroom apartments, with an option to create 40 apartments comprising 28 one-bedroom units and 12 studios. Federal and State historic tax credit development is also contemplated for the project.
Apartment redevelopment plans have been created by Enters Design, a Richmond-based full-service architecture firm, and DHR Part II Approval has been secured for the apartment development. The plans support 26 one- and two-bedroom apartments, with an option to create 40 apartments comprising 28 one-bedroom units and 12 studios. Federal and State historic tax credit development is also contemplated for the project.
Key Highlights
- Late‑1800s former woodworking and furniture facility
- Includes 125 N Market St building and neighboring lot at 128 W Tabb St
- Located in Petersburg’s Courthouse historic district
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 23803, VA
44,377
Population
19,826
Households
2.2
Avg Household Size
36
Median Age
24%
College-Educated
88%
High-School Grad
72.2 sq mi
ZIP Area
615
Density / Sq Mi
$55,820
Median Household Income
$35,122
Median Earnings
$1,132
Median Rent
$208,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Late-1800s facility includes an adjoining lot and approved apartment development plans.
Where is this manufacturing property located?
The property is located at 125 Market St Petersburg, VA.
What are key features of this property?
This property features: Late‑1800s former woodworking and furniture facility; Includes 125 N Market St building and neighboring lot at 128 W Tabb St; Located in Petersburg’s Courthouse historic district
