The median home value in Petersburg,
VA is $108,500.
the county median home value of $149,337.
The national median home value is $209,892.
The average price of homes sold in Petersburg,
VA is $108,500.
Approximately 37% of
Petersburg homes are owned,
compared to 45% rented, while
17% are vacant.
Petersburg real estate listings include condos, townhomes, and single family homes
Commercial properties are also available.
If you like to see a property, contact Petersburg real estate agent to arrange a tour
Learn more about living in Petersburg.
3,478sf 5Multi-Unit single-story office building with large parking lot. 5 Individual suites include dentist/doctor office with waiting room, receptionist area, individual offices, break room, front and back doors. All suites have multiple rooms with sinks and working systems. Property is currently vacant and located in Federal Enterprise Zone and Opportunity Zone.- This property is sold individually or as part of a 10.5% Cap Rate Portfolio of 53 Properties located in Downtown Petersburg area and including 12 multi-family, 37 single-family, 2 commercial and 2 vacant lots at Va. State University, Fort Lee military base, multiple industrial companies, such as tobacco companies, Walmart distribution and Amazon.com in neighboring Dinwiddie County provide a stable and growing tenant base and opportunity to increase rents with improved market conditions, increased rental population. Petersburg is located on the Interstate 95 corridor is experiencing rapid population growth and development. With existing Amtrak daily northeast regional connection and the planned east coast light-rail system Petersburg is more accessible and an affordable option. sold 'as is'
Fabulous opportunity in downtown Petersburg for a developer to convert this historic 4 level brick building which was built in 1850 into multi family units. This property can have Historic, State, and city tax credits to help make the conversion a reality. Located just 25 mins from downtown Richmond and just a short drive away from Fort Lee means there are plenty of willing tenants that would love the opportunity to live in such a great building. Owner calculates that there is a total of 30,000 sq ft under roof in the existing structure and the property also includes 121 N Market Street, (011-240025) directly next to the building which could be used for new construction to add to the existing structure. There is plenty of land for parking directly behind the building. Enteros Design PC has already done initial conversion drawings (https://www.enterosdesign.com/)
7-STORY RETAIL/OFFICE + 20 UNIT MULTIFAMILY
One of the Petersburg’s most prominent architectural landmarks, this iconic 7-story building that formerly housed BB&T Bank was renovated in 2016 into a mixed-use buiding with multi-tenant commercial spaces in the lower level up to the third floor and 20 apartments in the upper floors of the building.
The 11,610 SF of commercial space includes highly visible storefronts along Franklin and N Adams Streets and is perfect for retail, office, or hospitality uses. A large parking lot with 30 spaces provides convenient off-street parking in addition to the numerous on-street spaces. Access to and from the property is further enhanced with Interstate 95 less than 0.5 miles away.
The 20 apartments feature high-end finishes and perhaps the best available views of Historic Downtown Petersburg. In addition, tenants enjoy a fitness center, community room, and storage facilities.
ocated in an Opportunity Zone, 30 Franklin St is poised to maximize the return on investment potential and is well-positioned to benefit from continued economic development and demographic growth that have become hallmarks of this fast growing market.
Office Building with Multiple Uses!!! Close to Interstate 95 as well as Interstate 85. Could be used as a Medical Office, Dental Office, Attorney Office or Any Office Space needing a Waiting Area for Customers/Clients. Building has its own Parking Lot with more than 15 Parking Spaces. There is a Waiting Room Area as well as Kitchen Lounge Area for Employees. Kitchen Area has space for a Refrigerator and also has a Sink and Cabinetry. Office has 3 Bathrooms. One in the Waiting Area and the other 2 in the Back Section of the Space. There are 6 Total Rooms that could serve as Office Spaces. There is also a Room that is currently set up as a Conference Room.
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. However, this large underutilized space could also potentially be converted into additional residential units. Other amenities and improvements to the property include a new roof in 2015, abundant parking, an elevator shaft, and location in an Opportunity Zone.
Incredible opportunity to purchase this working BP branded service station with an excellent revenue stream. The real estate includes the land and the existing structure. Recent improvements to the property include: pumps replaced in 2019, new underground storage tanks installed in 2014 and have a lifespan of 25+ years, canopy replaced in 2016, and roof replaced in 2016. Gasoline sales average 50,000 gallons monthly and indoor sales average $70,000 monthly. Fantastic road frontage on E Washington Highway with limited existing competition and multiple neighborhoods to support grocery and food sales.
Great Investment Opportunity. This property is Zoned Commercial with 3375 sqft of open space, offices, kitchen with walk-in cooler, 2 baths, and HVAC. This property is an existing church, but can be easily converted to meet your needs. Located on a large corner paved parking lot.
Net Lease Office Investment (15 Years)
Situated in Petersburg’s Old Towne Historic District, the 73,086 sq ft building was originally constructed in 1845 and expanded in 1919. This building went through a total rehabilitation in 2002 when it was built out for the current tenant. In addition to the main building, this listing includes a small 2,704 sq ft office building at 110 W Bank St and a parking lot at 111 W Tabb St.
This Net Lease Office Investment offers a buyer an extremely stable tenant--the District 19 Community Services Board whose mission is to improve the quality and productivity of the lives of individuals who experience mental disabilities or substance abuse.
District 19, an entity affiliated with the Department of Behavioral Health & Development Services for the Commonwealth of Virginia, has occupied the building for the past 15 years and the current lease extends until 2034.
This property is located in an Opportunity Zone.
Commercial building leased to church. Large garage area with 2 overhead doors allow for many uses, including gym, automotive, child care, etc. - This property is sold individually or as part of a 10.5% Cap Rate Portfolio of 53 Properties located in Downtown Petersburg area and including 12 multi-family, 37 single-family, 2 commercial and 2 vacant lots at Va. State University, Fort Lee military base, multiple industrial companies, such as tobacco companies, Walmart distribution and Amazon.com in neighboring Dinwiddie County provide a stable and growing tenant base and opportunity to increase rents with improved market conditions, increased rental population and investment in property shell, systems, new kitchens, baths and miscellaneous upgrades. Petersburg is located on the Interstate 95 corridor is experiencing rapid population growth and development. With existing Amtrak daily northeast regional connection and the planned east coast light-rail system Petersburg is more accessible and an affordable option. sold 'as is'
Unbelievable renovation!! RESTAURANT, CONVENIENCE STORE, 2ND FLOOR OFFICE SPACE!! Completely renovated with gorgeous wood floors, original tin ceilings, all new electrical, all new plumbing HIGH END COMMERCIAL GRADE KITCHEN(all cooking and refrigeration equipment conveys), LED lighting throughout, TAX ABATEMENT 2016 - 2024, new rubber roof, 3 zone heat pumps, 2 half baths, security system and cameras with monitoring screen, shelving, counters, point of sale equipment, 2nd level office with reception area, multiple offices, glassed conference room, large executive office with glass front overlooking downtown, full private bathroom with shower, wood floors! This building is turn key and ready to go!! Highly visible location with thousands of cars passing this corner daily! NEW $10MILLION PARK & RIDE BEING CONSTRUCTED ACROSS THE STREET!
Great Investment Opportunity in Petersburg! Welcome to Best Laundromat! The sale includes all equipment,
store business and all associated real estate which includes an addition vacant lot to the left of the laundromat
and the parking lot to the right. The laundromat facility includes two bathrooms for customers and a private
bathroom for owners. There is a quaint kitchen area and lots of space for storage. The upper level is boarded but
was previously used as apartments. Washers 34 (6 out of order) Dryers 18 (1 out of order) Pac Man machine is
privately owned and does not convey with the property but the owner gets a share of the profits. The upstairs
apartment consists of 8 rooms not including the foyer.