Map of Property

226 UNITS PLUS COMMERCIAL GENERAL PARTNER INTEREST MIXED-USE INVESTMENT OFFERING

For Sale

120 Perry St, Petersburg, VA 23803

This Petersburg property for sale is located at 120 Perry St. Contact the listing broker for details on the current sale price for 226 UNITS PLUS COMMERCIAL GENERAL PARTNER INTEREST MIXED-USE INVESTMENT OFFERING. 226 UNITS PLUS COMMERCIAL GENERAL PARTNER INTEREST MIXED-USE INVESTMENT OFFERING is situated on a lot that is 3.1 square feet in size.

Contacts

broker

Marty Mooradian

Property Details

  • Property Type Other
  • Property Size 173,808 SF
  • Lot Size 3.1 SF
  • Additional Rent Contact for pricing
  • Year Built 2021
  • Date Updated Nov 3, 2024

The purchaser will acquire the General Partner interest in 110 South Perry Street, LLC, the entity that owns and operates The Petersburg ArtistSpace Lofts—a premier, top-tier asset located in the heart of historic Petersburg, VA. This 226-unit, mixed-use property seamlessly combines residential and commercial opportunities, creating a vibrant and diverse living and business community. The subject asset is a historic renovation of a Brown & Williamson manufacturing facility comprised of 17 acres, all which have been rehabbed by the principles.
The residential portion of the property features a wide range of living options, including predominantly one and two-bedroom units, with additional efficiencies to cater to varying tenant needs. The building serves a broad tenant base by offering affordable housing while adhering to rent restrictions. Additionally, the ownership has implemented an income-average leasing method, ensuring rents are affordable across various income levels while maintaining an average income cap at or below 60% AMI.
Commercial tenants include vital local services such as a bank, a deli, and a local law enforcement office, providing essential conveniences to both residents and the surrounding community.

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Getting around

  • 55/100

    Walk Score ®

  • 52/100

    Bike Score ®

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Location

  • City Petersburg, VA
  • Zip Code 23803
  • Market Richmond Tidewater

Points of Interest

  • Petersburg

    1.63 miles

  • Liberty

    0.57 miles

  • Midget Mart

    1.00 miles

  • Marathon

    1.02 miles

  • Valero

    1.07 miles

  • Wawa

    1.40 miles

  • Citgo

    1.48 miles

  • Shell

    1.55 miles

  • Exxon

    1.61 miles

  • BP

    1.71 miles

  • Tesla Supercharger

    2.39 miles

  • Lot 3

    0.79 miles

  • Lot 4

    0.86 miles

  • Lot 5

    0.88 miles

  • Lot 6

    0.91 miles

  • Lot 1

    0.92 miles

  • Lot 16

    0.95 miles

  • Lot 7/Visitors

    0.98 miles

  • Lot 31

    0.99 miles

  • Lot 8

    0.99 miles

  • Lot 33

    1.00 miles

  • Travel Inn - Petersburg

    0.91 miles

  • Motel 6 Petersburg, VA - Fort Lee

    0.99 miles

  • Holiday Inn Petersburg North- Fort Lee

    1.70 miles

  • Hampton Inn Petersburg-Southpark Mall

    1.76 miles

  • Comfort Suites

    1.76 miles

  • TownePlace Suites

    1.81 miles

  • Econo Lodge

    1.85 miles

  • Hilton Garden Inn Richmond South/Southpark

    1.99 miles

  • Extended Stay America - Colonial Heights - Fort Lee

    2.43 miles

  • California Inn

    2.68 miles

  • Food Lion

    1.65 miles

  • Burlington

    1.88 miles

  • Walmart Supercenter

    1.96 miles

  • Target

    2.14 miles

  • Macy's

    2.15 miles

  • JCPenney

    2.29 miles

  • ALDI

    2.45 miles

  • Marshalls

    2.51 miles

  • Rosita's Tienda

    2.57 miles

  • Publix

    3.10 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Marty Mooradian