Map of Property

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

120 Perry St, Petersburg, VA 23803

  • For Sale Contact for pricing
  • Property Type Other
  • Property Size 173,808 SF
  • Lot Size 3.1 SF
  • Additional Rent Contact for pricing
  • Year Built 2021
  • Date Updated Nov 18, 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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Contacts

broker

Marty Mooradian

Location

Getting Around

  • Walk Score ®

    55/100 Somewhat Walkable

  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • 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

  • Church's Chicken

    0.36 miles

  • Alexander's

    0.56 miles

  • Dixie Restaurant

    0.57 miles

  • Shut Yo Mouf Soulfood

    0.59 miles

  • Longstreet's Deli

    0.59 miles

  • Old Towne's Alibi

    0.60 miles

  • Loco Kitty

    0.61 miles

  • Soul Rebel

    0.62 miles

  • Tramonto Ristorante

    0.62 miles

  • Beaunuts

    0.63 miles

  • Appomattox Regional Governor's School for the Arts and Technology

    0.17 miles

  • Petersburg Vocational School

    0.32 miles

  • Anna P. Bolling Junior High School

    0.39 miles

  • Peabody Middle School

    0.45 miles

  • Saint Josephs School

    0.56 miles

  • Jackson Elementary School

    0.61 miles

  • Virginia Avenue Elementary School

    0.80 miles

  • Westview Elementary School

    1.01 miles

  • Virginia State University

    1.04 miles

  • Blandford Elementary School

    1.17 miles

  • Early Childhood Learning Center

    0.81 miles

  • The Stand School

    1.77 miles

  • Buildin Blocks Daycare

    2.94 miles

  • Ivey Memorial Child Development Center

    4.38 miles

  • A Time 2 Learn Academy

    5.73 miles

  • A T2LA Babies

    5.77 miles

  • Chester Youth Center

    7.43 miles

  • Chester Child Development Center

    7.51 miles

  • The Goddard School

    9.33 miles

Frequently Asked Questions

How much does 226 UNITS PLUS COMMERCIAL GENERAL PARTNER INTEREST MIXED-USE INVESTMENT OFFERING cost?

The sale price for 226 UNITS PLUS COMMERCIAL GENERAL PARTNER INTEREST MIXED-USE INVESTMENT OFFERING is available upon request. Contact the listing broker for more information.

What is the total square footage of 226 UNITS PLUS COMMERCIAL GENERAL PARTNER INTEREST MIXED-USE INVESTMENT OFFERING?

226 UNITS PLUS COMMERCIAL GENERAL PARTNER INTEREST MIXED-USE INVESTMENT OFFERING totals 173,808 square feet.

When was this property built?

226 UNITS PLUS COMMERCIAL GENERAL PARTNER INTEREST MIXED-USE INVESTMENT OFFERING was built in 2021.

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Contact Listing Broker

broker

Marty Mooradian