$275,000

716 W Washington St, Petersburg, VA 23803

  • 4,852 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon8,233sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $57/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Positioned in the heart of Old Town Petersburg, this striking 2.5-story historic property offers a rare opportunity to reimagine nearly 4,852 square feet of character-rich space in one of the city’s most promising growth corridors. Formerly operated as a multifamily asset, the building’s existing layout provides a strong foundation for redevelopment into boutique apartments, professional office space, or a dynamic mixed-use concept. With its timeless architectural details and prominent presence, the property blends historic charm with flexible potential—ideal for investors or owner-occupants seeking a signature project with lasting impact. Adding to its appeal, the property is located within an Enterprise Zone and may qualify for valuable historic tax credits, creating meaningful financial incentives to support renovation and repositioning. Just five miles from Petersburg’s highly anticipated Live! Casino development, this location stands to benefit from increased economic activity, job growth, and renewed community investment. Whether restored as an income-producing asset or transformed into a distinctive headquarters or live-work environment, this property represents a compelling opportunity to capitalize on Petersburg’s continued revitalization.

Listing Status:
Active
Data Last Updated:
May 20, 2026 at 3:15PM
Listing Office:
One South Commercial LLC : (804) 266-8831
Listing Agent:
Ann Schweitzer : (434) 981-3146
MLS ID:
2604097
  • Heating: Wall Furnace
  • Style: Garden Home
  • Roofing: Built-Up
  • General: Brick2
  • Road/Access: City Street
  • Originating MLS: CVR
  • County: Petersburg
  • Topography: Level
  • Zoning: 55-53 X 150023-210008
  • Water: Public
  • Sewer: Public Sewer
  • Source: CVR
  • Ownership: InvestmentOwner-User

This listing courtesy of Ann Schweitzer , One South Commercial LLC

Monthly Payment

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

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