PRICE REDUCTION - CALL FOR NEW PRICE

HOSPITALITY/MULTI-FAMILY INVESTMENT WITH DEVELOPMENT POTENTIAL FOR UP TO 18 UNITS

This unique mixed use opportunity is located in Historic Old Towne Petersburg and features a highly visible storefront with approximately 10,000 SF at street level. This storefront has been occupied as a catering and event space for 30+ years. Currently, Exquisite Taste
operates this space utilizing a large commercial kitchen with a 12-foot hood, a beautiful bar area, and a covered outdoor deck. Additionally, the bathrooms in the commercial space have been recently renovated and includes new slate floors. An apartment is located on the second level and was renovated in recent years with stainless steel appliances and central air. Work continues on this unit as the apartment currently requires a finished ceiling. The remainder of the spacious second level is used for storage. Other amenities and improvements to the property include a new roof in 2015, abundant parking, an elevator shaft, and location in an Opportunity Zone. In addition, the current zoning permits up to 18 residential units to be developed on the property.