The real estate market in Petersburg is in the early stages of expansion due to its proximity to the greater Richmond metropolitan area. This commercial property (17,464 SF) is unique due to its B-2 With the capacity of building Multifamily units as designated by its R-5 status. There are 3 existing water taps on site...Each tap costs approx $15,000 each. Available are drawings for a one bedroom apt and a two bedroom apt. The proposed layout would accommodate 7 ea. 2 bedroom apts or 14 1 bedroom apts