520 Elm Street

Petersburg VA 23803

0.65 ac.

Land

Last sold for $70,000

Walter Mena, last sold this property on 10 June 2025 after 94 days on market.

Overview

**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!

Features

0.65 ac. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Petersburg over the last 12 months, the estimated median property value of 520 Elm Street is $35k.

Median value

$35k

Estimated value range

$6k - $462k

Median days on market

Estimated value trend

67%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Petersburg. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.