1. Virginia
  2. Petersburg
  3. 712 Grove Ave
$780,000

712 Grove Ave, Petersburg, VA 23803

  • 4,788 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1912
  • Property Lot Size Icon6,708sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $163/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Mixed-use property located in the heart of historic Petersburg, VA. The property consists of 4 residential units and one NNN commercial space. Close by, you will find the ever-growing Virginia State University, U.S. Army base Fort Lee, Amazon Fulfillment Center and other major employers in the Tri-Cities area, situated within the I-95 corridor and Richmond MSA. 712 Grove Ave features four historic loft apartments and one commercial retail space, currently occupied by a local barbershop. The building houses three 1-bedroom/1-bathroom units and one 2-bedroom/2- bathroom unit. Completely redeveloped using historical tax credits, all units feature premium finishes and historic charm, including stainless steel appliances, tall ceilings, and hardwood flooring. Residents can enjoy the in-unit washer and dryers and ample off-street parking. All residential units are individually metered for electricity. The property is prime for short term rental opportunities. The historic redevelopment 712 Grove Ave has brought forth a truly unique asset that is perfect for an investor looking to acquire a stabilized mixed-use property. Now is the perfect time to purchase property or grow your portfolio in the ever exciting Petersburg market.

Listing Status:
Active
Listing Office:
One South Commercial LLC : (804) 266-8831
Listing Agent:
Isaac Weintz : (804) 404-3161
MLS ID:
2502882
  • A/C: Central Air

This listing courtesy of Isaac Weintz, One South Commercial LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

P

Pleasants Lane Elementary School

100 Pleasants Ln, Petersburg, VA, 23803

Grades KG-5

1.51 miles away

V

Vernon Johns Middle School

3101 Homestead Dr, Petersburg, VA, 23805

Grades 6-8

3.22 miles away

P

Petersburg High School

3101 Johnson Rd, Petersburg, VA, 23805

Grades 9-12

3.17 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

801 W Washington St, Petersburg, VA 23803
Commercial Property

$650,000

  • 3,897 sqft |
  • 2,701 sqft lot
801 W Washington St Petersburg, VA 23803

#2517815 - One South Commercial LLC