804-266-8831
600 W Wythe St, Petersburg, VA for Sale
Warehouse - FOR SALE
1/6
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600 W Wythe St
Petersburg, VA 23803


HIGHLIGHTS

  • Richmond, VA MSA with immediate access to I-95 and I-85
  • Minutes from Fort Lee, which supports approximately 70,000 people off post and has a $2+ billion economic impact regionally
  • Located in Virginia’s gateway region, an east coast hub for advanced pharma manufacturing
  • Walkable to restaurants, breweries, and outdoor entertainment
  • Enterprise Zone location
  • Excellent opportunity to blend historic and low income housing tax credits

OVERVIEW

PROPERTY INFO -255,000 sq. ft. surface parked historic warehouse -Residential PUD (Planned Unit Development) Zoning -Eligible for state and federal tax credits -Historic designations in hand SUBMARKET METRICS -Multifamily sales in Petersburg have grown 3x over the several years -Submarket pricing has increased by nearly $50,000 per unit since 2017 -Rent growth and occupancy have tracked those of Richmond proper -Limited development pipeline supports healthy absorption

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1903

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

10

DRIVE INS

1

PARKING SPACES

38

LAND DETAILS

LAND ACRES

5.03

LAND SF

219,107

ZONING

Residential PUD

APN/PARCEL ID

023-30-0005

ASK ABOUT THIS PROPERTY

Ryan RileeOne South CommercialMore Info
804-266-8831

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Ryan RileeOne South CommercialMore Info
804-266-8831

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