Residential Land for Sale in Petersburg, Virginia

Opportunity awaits at 218 E. Fillmore St in Petersburg! This residential lot offers excellent potential for builders, investors or developers looking to capitalize on the area's ongoing residential development. Currently zoned for multi-family use, the property was previously improved with a 2,640 sq. ft. quadplex, presenting an opportunity to explore new multi-family construction. With existing single-family homes on both sides, the lot may also offer potential for single-family residential development, subject to city approval. New construction homes in the surrounding area are selling for $320,000 and above, highlighting the potential for new residential development. Whether considering a single-family residence or a multi-family investment property, this parcel offers flexibility in an established Petersburg neighborhood. Buyers are encouraged to verify zoning, permitted uses, utilities and building requirements with the City of Petersburg. Bring your vision and explore the possibilities!