Listing Agency: One South Commercial Show Phone

Listed By: Tom Rosman · License #0225030879

Source: Moodyscre

Added: Jul 26, 2023 Changed: Jul 6 Last Checked: Jul 21 at 5:36AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

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

Property Analytics

Property Profile

Current Use

Virginia Trunk & Bag ... Tour Operator

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Dental Office Storage Facility HVAC Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,133

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

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 is the asking price?

The asking price for this property is $5,000,000.

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**