AUCTION HAS BEEN POSTPONED! Motleys Commercial Real Estate is pleased to present 530 E. Washington St., a 117 room, unoccupied hotel situated on 2.954± acres in downtown Petersburg, VA. Conveniently located just west of I-95 and less than a mile from the I-85/I-95 interchange, this 6 story hotel offers a scalable redevelopment project, either for a franchise operator or a developer, and is poised to capitalize on both opportunity zone and enterprise zone incentives. The property’s current B-2 zoning allows for operation of a hotel and includes by-right entitlement for a potential apartment conversion. The property site is comprised of a 61,000 SF structure which includes both the hotel, a covered entrance, an attached full-service restaurant not currently in operation and 160± parking spaces. 530 E Washington is a perfect opportunity to get in on the ground floor of one of central Virginia’s most historic cities and develop in an emerging market with an increasingly visible profile!