520 Elm Street
Petersburg, VA 23803
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- – on site
**Prime Buildable Lot in Growing Petersburg Area!** Discover an exceptional investment opportunity with this 0.65-acre buildable lot, ideally located in a rapidly developing area. Previously zoned for a triplex, this property is currently classified as 300 Multi-Family, offering endless possibilities for your next project. With water and sewer services already on site, you can hit the ground running on your development plans. The area is bustling with new construction and beautifully renovated homes, making this the perfect time to capitalize on the growth surrounding you. Imagine the potential to subdivide this lot and create multiple homes, or build a multi-family residence to meet the increasing housing demand. The possibilities are truly limitless! Conveniently situated close to Downtown Petersburg and major highways, this location provides easy access to all the amenities and attractions the city has to offer. Don’t miss out on this rare opportunity to own a prime piece of real estate in a thriving community. Take a look at this lot and envision the potential it holds. **Note:** Purchaser is responsible for verifying all taxes, land usage, lot dimensions, development fees, and conducting a survey during their due diligence period. Seize this chance to invest in your future today!
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Mar 11, 2025
•
MLS# 2505697 —
The Building
-
Basement:false
Financial & Terms
-
Possession:CloseOfEscrow
Location
-
Directions:Washington Street West and take a left on Elm. land at the end on the right
The Property
-
Parcel Number:047-100011
-
Property Type:Land
-
Property Subtype:Residential
-
Property Subtype Additional:Residential,UnimprovedLand
-
Possible Use:MultiFamily,Subdivision,SingleFamily
-
Lot Size Acres:0.6534
-
Lot Size Area:0.6534
-
Lot Size Units:Acres
-
Zoning Description:R-2
-
Fencing:None
-
Other Structures:None
-
Waterfront:false
-
Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (804) 833-9446
- Office phone:
- (804) 352-1279
Taxes
-
Tax Year:2023
-
Tax Lot:3
-
Tax Annual Amount:187.96
-
Tax Assessed Value:29600
-
Tax Legal Description:LOT 3 RESUBD PARCEL C BK 3 BURNER PLAT
Utilities
-
Utilities:NaturalGasNotAvailable,ElectricityAvailable
-
Sewer:PublicSewer
-
Water Source:NotConnectedNearby,Public
Schools
-
Elementary School:Pleasants Lane
-
Middle Or Junior School:Vernon Johns
-
High School:Petersburg
The Community
-
Subdivision Name:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/11/25
Mar 11, 2025
|
Pending | CVRMLS | $64,500 | |
|
3/7/25
Mar 7, 2025
|
Listed / Active | CVRMLS | $64,500 | 2050.0% (216.4% / YR) |
|
9/16/15
Sep 16, 2015
|
CVRMLS | $3,000 |
