Two-Parcel Multifamily Development
For Sale
Contact for pricing
Pending
712 & 714 High Street, Petersburg, VA 23803
Sale includes a 10-unit two-story building and an adjacent developable lot with approved plans for 12 one-bedroom units.
Property SizeContact for details
Days on Market136
Property Features for 712 & 714 High Street
General Information
Standard status
Pending
Property subtype
Retail, Multifamily, Mixed Use, Land
Additional Details
Multifamily Units
10
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
One South Commercial
(804) 266-8831
Listed By:
Ryan Rilee · License #VA 0225187102
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Apr 10 at 11:09PM
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.
For sale: 712 and 714 High Street in Petersburg, Virginia, offered together as a two-parcel opportunity. 714 High Street features a two-story multifamily building with 10 total units, comprising five two-bedroom units and five one-bedroom units.
The adjacent parcel at 712 High Street is a developable lot with approved building plans for 12 one-bedroom units. The properties are described as within walking distance of Virginia State University and historic Old Towne Petersburg, with additional context noting the Old Towne Historic District less than one mile away.
Offered as a combined package, the asset provides both existing rental housing via the 10-unit building and future development capacity through the approved plans for the adjacent lot.
The adjacent parcel at 712 High Street is a developable lot with approved building plans for 12 one-bedroom units. The properties are described as within walking distance of Virginia State University and historic Old Towne Petersburg, with additional context noting the Old Towne Historic District less than one mile away.
Offered as a combined package, the asset provides both existing rental housing via the 10-unit building and future development capacity through the approved plans for the adjacent lot.
Key Highlights
- 10‑unit two‑story multi‑family building at 714 High Street
- 714 High Street unit mix: 5 two‑bedroom units and 5 one‑bedroom units
- Adjacent parcel at 712 High Street is developable with approved building plans for 12 one‑bedroom units
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
813
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Sale includes a 10-unit two-story building and an adjacent developable lot with approved plans for 12 one-bedroom units.
Where is this apartment building located?
The property is located at 712 & 714 High Street Petersburg, VA.
What are key features of this property?
This property features: 10‑unit two‑story multi‑family building at 714 High Street; 714 High Street unit mix: 5 two‑bedroom units and 5 one‑bedroom units; Adjacent parcel at 712 High Street is developable with approved building plans for 12 one‑bedroom units
