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20900 Riverterrace Rd, Petersburg, VA, 23803
1970s Multifamily Apartment Community

20900 Riverterrace Rd Petersburg, VA 23803

For Sale
Contact for pricing
Pending

Well-maintained multifamily asset built in the 1970s with 128 two-bedroom units.

Days on Market103

Property Features for 20900 Riverterrace Rd

General Information

Standard status
Pending
Property subtype
Multifamily
Listing Agency: Colliers - Richmond, Virginia
Listed By: Garrison Gore · License #VA 225239707
Source: Crexi
Added: Apr 12 Changed: Jul 22 Last Checked: Jul 23 at 5:02AM

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 Colliers - Richmond, Virginia


Investment Insights

Based on property information with market context.

River Road Terrace is a well-maintained multifamily apartment community constructed in the 1970s. The property contains 128 two-bedroom units with spacious floorplans. The asset includes vast greenspace, and it has scope for value enhancement through unit interior renovations, exterior improvements, and amenity upgrades.

The community is located in the Ettrick area within Chesterfield County, and the remarks note it is minutes from SouthPark mall, Virginia State University, Fort Lee, and Interstates 95 and 85.

As presented, River Road Terrace offers an execution-focused investment opportunity centered on renovations and amenity enhancement to help the property better compete with comparable communities.

Key Highlights

  • Well‑maintained multifamily asset built in the 1970s
  • 128 two‑bedroom units with spacious floorplans
  • Vast greenspace on site

Property Analytics

Location Intelligence

Current Use by Public Records

River Road Terrace ... Apartment Building

Suggested Use

Dental Office Real Estate Agency Law Firm Plumbing Service (Bike/Boat/Book/etc) Store Spa & Massage Center Catering Service Nail Salon Kitchen & Bath Showroom Parking Lot & Garage

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

FAQs

What type of property is this?
Apartment building - Well-maintained multifamily asset built in the 1970s with 128 two-bedroom units.
Where is this apartment building located?
The property is located at 20900 Riverterrace Rd Petersburg, VA.
What are key features of this property?
This property features: Well‑maintained multifamily asset built in the 1970s; 128 two‑bedroom units with spacious floorplans; Vast greenspace on site
More about this property
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