600 W Wythe St Petersburg, VA 23803
Property profile & analytics
600 W Wythe St Petersburg, VA 23803
- Industrial properties
- 277,408 SF
- 4.65 lot acres
Property ID
US87-1618363
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Virginia Trunk & Bag Company / Tour Operator
Property Details for 600 W Wythe St
- Year built
- 1994
- Lot size
- 4.65 lot acres
- Property size
- 277,408 SF
- Zone code
- M-1
- Property type
- Industrial properties
- APN
- 23300005
- APU
- 23300005
Description
This exceptional 277,408-square-foot warehouse, situated on a 5.03-acre lot in historic Petersburg, Virginia, presents a unique redevelopment opportunity. Built in 1903, this four-story building boasts a Planned Unit Development (PUD) zoning designation, opening doors to diverse development possibilities. The property's prime location offers immediate access to I-95 and I-85, placing it within easy reach of Richmond, VA, and Fort Lee, a significant military installation with a substantial economic impact. Its proximity to the gateway region, a hub for advanced pharmaceutical manufacturing, further enhances its strategic value. The property is conveniently located within walking distance of local restaurants, breweries, and outdoor recreational areas. The site benefits from its designation as an Enterprise Zone, potentially unlocking access to state and federal tax credits. Existing historic designations streamline the approval process for projects leveraging historic and low-income housing tax credits. Petersburg's multifamily market exhibits robust growth, with sales tripling in recent years and per-unit pricing increasing significantly since 2017. This strong market performance, coupled with limited new development, indicates healthy absorption rates and supports the potential for a successful project. The property's APN is 023-300005, and it is owned by 600 Wythe LLC. This is an unparalleled chance to capitalize on the burgeoning Petersburg market and create a thriving mixed-use development.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Petersburg
- County
- Petersburg City
- State
- Virginia
- Longitude
- -77.4109
- Latitude
- 37.224
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$6,791
$222,500
$2,809,600
$3,032,100
-
$222,500
$2,809,600
$3,032,100
