Strong Owner Occupant Location w/ Redevelopment Potential

One South Commercial is pleased to bring to market 125 N Market St and 128 W Tabb St, a former woodworking and furniture building facility from the late 1800s.​ Located in the heart of Petersburg’s historic district, this property is primed for an array of uses ranging from light industrial owner uses to a potential historical tax credit redevelopment.​ It includes the building and the neighboring lot of 128 W Tabb St, totaling 0.435 acres with an opportunity zone designation.​ Previous architectural plans, as seen in exhibit A, would allow for 32 loft style apartments with ample off-street parking for residents.​ The current open floor plan and designated office space allow the building to be a blank slate for any business looking for an operational hub.​ 125 N Market Street is a fantastic opportunity to breathe new life into a piece of local history.​

Recent development highlights within a 1-mile radius of 125 N Market St and 128 W Tabb St:

1.​ Market Street Lofts - 106 units - Completed in 2022

2.​ Star Lofts - 65 units - Sold January of 2021- $7.3M

3.​ High Street Lofts - 69 units - Sold in October of 2021 - $9.4M

4.​ Hotel Petersburg - $13.5M development project currently underway

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  B-3 Zoning

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  27,300 SF

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  DHR Part II Approval

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  Opportunity & Enterprise Zone

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  125 North Market Street & 128 West Tabb Street