Log In/Sign Up
1131 Commerce St
Petersburg, VA 23803
Long Lofts · Multifamily Property For Sale
·
62 Units
Investment Highlights
- Fully redeveloped historic lofts with modern interiors
- Walkable to Old Towne’s dining, retail, and entertainment
- Submetered utilities and tax abatement in place
- Located minutes from Fort Gregg-Adams and Virginia State University
- Strong Year 1 NOI projection with operational upside
- Positioned in a high-growth Richmond MSA submarket
Property Facts
| No. Units | 62 | Lot Size | 1.65 AC |
| Property Type | Multifamily | Building Size | 67,882 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | A | Year Built | 2017 |
| Zoning | PUD | ||
| No. Units | 62 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 1.65 AC |
| Building Size | 67,882 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2017 |
| Zoning | PUD |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Ceiling Fans
- Refrigerator
- Oven
Site Amenities
- Clubhouse
- Courtyard
- Fitness Center
- Gated
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 62 | $1,066 | 467 - 912 |
Property Taxes
| Parcel Number | 024-15-0015 | Improvements Assessment | $6,806,700 |
| Land Assessment | $930,000 | Total Assessment | $7,736,700 |
Property Taxes
Parcel Number
024-15-0015
Land Assessment
$930,000
Improvements Assessment
$6,806,700
Total Assessment
$7,736,700
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
