Redeveloped Mixed-Use
For Sale
Contact for pricing
704 Grove Ave, Petersburg, VA 23803
Two buildings combine loft apartments with a street-level retail space and off-street parking.
Property SizeContact for details
Days on Market144
Property Features for 704 Grove Ave
General Information
Standard status
Active
Property subtype
Mixed Use, Multifamily, Retail
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
6
Amenities
in-unit washer and dryer
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
One South Commercial
(804) 353-0009
Listed By:
Tom Rosman · License #VA 0225030879
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 10:07AM
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 mixed-use property comprises two buildings with six historic loft apartments and one commercial retail space currently occupied by a local barbershop. The residential units have been redeveloped with premium finishes and retain historic character. Each apartment includes an in-unit washer and dryer, while the residential units are individually metered for electricity. Off-street parking is also provided.
The property is situated in historic downtown Petersburg, within blocks of Virginia State University. Fort Lee, Amazon, and other major employers in the Tri-Cities area are nearby along the I-95 corridor. The combination of residential apartments and commercial space creates a unified mixed-use asset across 702, 704, and 712 Grove Ave.
The property is situated in historic downtown Petersburg, within blocks of Virginia State University. Fort Lee, Amazon, and other major employers in the Tri-Cities area are nearby along the I-95 corridor. The combination of residential apartments and commercial space creates a unified mixed-use asset across 702, 704, and 712 Grove Ave.
Key Highlights
- Six historic loft apartments across two buildings
- One commercial retail space currently occupied by a local barbershop
- Redeveloped residential units with premium finishes
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
765
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 Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine loft apartments with a street-level retail space and off-street parking.
Where is this mixed-use property located?
The property is located at 704 Grove Ave Petersburg, VA.
What are key features of this property?
This property features: Six historic loft apartments across two buildings; One commercial retail space currently occupied by a local barbershop; Redeveloped residential units with premium finishes
