Petersburg, VA
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    Petersburg, VA Banks for Sale

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    Prince George, VA Hopewell, VA Colonial Heights, VA
    Former Bank Building For Sale
    $1,200,000
    1.03 Acres
    Former Bank Building For Sale

    1965 Wakefield Avenue, Petersburg, VA 23805

    Three-story commercial building with leaseback opportunity in Petersburg, VA.
    • Existing leaseback agreement with Blue Ridge Bank (BRB) provides immediate and stable income.
    • BRB branch bank occupies the first floor, ensuring consistent occupancy and traffic.
    • Second floor is currently rented, offering additional income stream.
    • Third floor is available for rent, presenting an opportunity for increased revenue.
    • Property was formerly a main bank office, suggesting a robust and well‑maintained infrastructure.
    Updated: Aug 20, 2021
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    Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 1 Active listings in Petersburg, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 12 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Former Bank Building on Azalea
    $700,000
    2,676 SF
    Former Bank Building on Azalea

    2,676 SF former bank building for sale on 0.653 AC.

    1101 Azalea Avenue, Richmond, VA 23227

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    Granby Street Office/Former Bank Branch
    $1,700,000
    6,926 SF
    Granby Street Office/Former Bank Branch

    Two-story, 6,926 SF office/former bank branch in Historic Ghent.

    1812 Granby St, Norfolk, VA 23517

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    Freestanding Building in Ghent Norfolk
    Contact for pricing
    6,541 SF
    Freestanding Building in Ghent Norfolk

    Two-story building in Ghent with redevelopment potential.

    902 Graydon Avenue, Norfolk, VA 23507

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    Richmond Former Bank on Azalea
    $640,000
    2,676 SF
    Richmond Former Bank on Azalea

    2,676 SF former bank building on 0.66 acres.

    1101 Azalea Ave, Richmond, VA 23227

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Pad Site Opportunity
    Contact for pricing
    4,356 SF
    Prime Pad Site Opportunity

    Pad site available for ground lease in Toms River.

    1922 Hooper Avenue, Toms River, NJ 8753

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    Richmond, KY Out Parcel Land
    $1,400,000
    1.71 Acres
    Richmond, KY Out Parcel Land

    1.71 acre outparcel ideal for retail, restaurant, or office.

    2072 Merchant Drive, Richmond, KY 40475

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    Commercial Land on Robinson Road
    $149,000
    2.60 Acres
    Commercial Land on Robinson Road

    2.6-acre commercial development site in Lockport, NY.

    6071 Robinson Rd, South, Lockport, NY 14094

    View details
    Cape Coral Commercial Land Opportunity
    $1,692,300
    2.59 Acres
    Cape Coral Commercial Land Opportunity

    Corner property near US 41, approved for development.

    Del Prado Blvd N & De Navarra Pkwy, Cape Coral, FL 33909

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    Off-Market Properties in Petersburg, VA

    Consider similar Off-Market properties in Petersburg, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1340 Washington St
    FINANCIAL BUILDING
    1,888 SF Lot: 0.46 Acres
    Value Estimation by Request

    1340 Washington St, Petersburg, VA 23803

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    1305 Washington St
    FINANCIAL BUILDING
    872 SF Lot: 0.24 Acres
    Value Estimation by Request

    1305 Washington St, Petersburg, VA 23803-3902

    View details
    117 Washington St
    FINANCIAL BUILDING
    1,596 SF Lot: 0.93 Acres
    Value Estimation by Request

    117 Washington St, Petersburg, VA 23803-4303

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    1104 Washington St
    FINANCIAL BUILDING
    1,260 SF Lot: 0.41 Acres
    Value Estimation by Request

    1104 Washington St, Petersburg, VA 23803-3921

    View details
    1965 Wakefield Ave
    FINANCIAL BUILDING
    14,553 SF Lot: 1.03 Acres

    1965 Wakefield Ave, Petersburg, VA 23805-2113

    View details
    110 Wagner Rd
    FINANCIAL BUILDING
    11,770 SF Lot: 1.31 Acres
    Value Estimation by Request

    110 Wagner Rd, Petersburg, VA 23805-9303

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    1941 Sycamore St
    FINANCIAL BUILDING
    2,380 SF Lot: 0.34 Acres
    Value Estimation by Request

    1941 Sycamore St, Petersburg, VA 23805-2728

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    2048 Sycamore St
    FINANCIAL BUILDING
    2,108 SF Lot: 0.27 Acres
    Value Estimation by Request

    2048 Sycamore St, Petersburg, VA 23805-2727

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    20 Franklin St
    FINANCIAL BUILDING
    14,499 SF Lot: 0.54 Acres
    Value Estimation by Request

    20 Franklin St, Petersburg, VA 23803-4515

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    2703 Crater Rd
    FINANCIAL BUILDING
    2,574 SF Lot: 0.82 Acres
    Value Estimation by Request

    2703 Crater Rd, Petersburg, VA 23805-2403

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    1963 Crater Rd
    FINANCIAL BUILDING
    2,580 SF Lot: 0.34 Acres
    Value Estimation by Request

    1963 Crater Rd, Petersburg, VA 23805-2705

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    3360 Crater Rd
    FINANCIAL BUILDING
    3,333 SF Lot: 0.93 Acres
    Value Estimation by Request

    3360 Crater Rd, Petersburg, VA 23805-9230

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    Petersburg, VA Banks Investment Opportunities Market Analysis

    Explore 13 banks for sale in Petersburg, VA on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,200,000.

    Sale prices for bank buildings in Petersburg, VA start at $1,200,000, averaging $1,200,000, and reaching up to $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 6
    Grocery and convenience stores 2
    Banks 1
    Storefront properties 1

    Demographics Overview

    Population 71K
    Population Growth (5Y) +24.0%
    Median Household Income $61,750
    College Educated 20.7%

    High-Yield Neighborhoods for Investment

    Identify Petersburg submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    23805 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.19%
    Property Tax per SF $20.20 per SF
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

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