600 W Wythe St, Petersburg, VA

Listing agent Tom Rosman License #0225030879

Listing office One South Commercial Show Phone

Listing date Jul 26, 2023

Source Moodyscre

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Overview

This is a 277,000 sq. ft. surface parked historic warehouse. It has Residential PUD (Planned Unit Development) zoning and is eligible for state and federal tax credits. Historic designations are in hand. Multifamily sales in Petersburg have grown 3x over the several years. Submarket pricing has increased by nearly $50,000 per unit since 2017. Rent growth and occupancy have tracked those of Richmond proper. Limited development pipeline supports healthy absorption.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Similar Places Nearby

• Stewart Moving & Storage — 221 Bollingbrook St, Petersburg, VA 23803

Location Insight

• Map
• Local Demand

City

Petersburg

County

Petersburg

State

Virginia

Longitude

-77.4109

Latitude

37.224

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FAQs

What type of property is this?

Warehouse - 277,000 sq ft historic warehouse with residential PUD zoning.

Where is this warehouse located?

The property is located at 600 W Wythe St Petersburg, VA.

What are key features of this property?

This property features: Residential PUD (Planned Unit Development) zoning; Eligible for state and federal tax credits; **277,000 sq. ft. surface parked historic warehouse**