Multi-Family Development Opportunity
Possible Historic Tax Credits - Petersburg's Downtown Historic District
Marketing description
Opportunity to rehabilitate a historic building in a walkable downtown district with the ability to take advantage of tax credits, enterprise zone credits and a property tax abatement.
Petersburg has the distinct charm of small-town America. An elegant place full of cultural and historic landmarks, Petersburg boasts many classical buildings in its historical district. Petersburg is home to a future LIVE Casino and Resort currently under construction and less than a 40-minute drive to the City of Richmond.
Investment highlights
Strategically located in the middle of the Tri-Cities area of Petersburg, Hopewell, and Colonial Heights
Walkable to restaurants and businesses
Potential future enterprise zone
Excellent opportunity to blend historic and affordable housing tax credits
Rare opportunity for a large scale multi-family redevelopment project
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