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    Former Bank Building For Sale
    Updated: Aug 19, 2021
    Former Bank Building For Sale

    1965 Wakefield Avenue, Petersburg, VA 23805

    $1,200,000
    1.03 AC lot
    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.
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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
    Former Bank Building on Azalea

    1101 Azalea Avenue, Richmond, VA 23227

    $640,000
    2,676 sqft 0.65 AC lot

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

    View details
    Office and Bank Building with Drive-Thru
    Office and Bank Building with Drive-Thru

    1650 Willow Lawn Dr, Richmond, VA 23230

    Contact for pricing
    17,749 sqft

    Two-story office building with a ground-floor bank drive-thru and ATM setup, brick corner presence, and 60 parking spaces.

    View details
    Prime Williamsburg Commercial Property
    Prime Williamsburg Commercial Property

    4139 Ironbound Rd, Williamsburg, VA 23188

    Contact for pricing
    9,158 sqft

    Located in Williamsburg town center with high traffic and amenities.

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    Retail Space for Sale
    Retail Space for Sale

    1186 Jamestown Road, Williamsburg, VA 23185

    Contact for pricing
    2,310 sqft

    Retail property offered for sale with a single tenant-ready space configuration.

    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.

    Richmond, KY Out Parcel Land
    Richmond, KY Out Parcel Land

    2072 Merchant Drive, Richmond, KY 40475

    $1,400,000
    1.71 AC lot

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

    View details
    Corner Commercial Land with Triple Frontage
    Corner Commercial Land with Triple Frontage

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

    $1,692,300
    2.59 AC lot

    Corner commercial development site with 3 road frontages and completed environmental and wetland study reports.

    View details
    Commercial Land in Terrytown
    Commercial Land in Terrytown

    121 Holmes Boulevard, Terrytown, LA 70056

    $65,000

    Vacant commercial land ready for development in Terrytown, Louisiana.

    View details
    Dev-Ready Commercial Corner Land
    Dev-Ready Commercial Corner Land

    -- Highway 412, E Kenwood, Siloam Springs, AR 72761

    $735,000
    8,252 sqft 1.47 AC lot

    Dev-ready corner parcel with city-approved engineered plans and frontage along Hwy 412, including multiple ingress and egress points.

    View details

    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

    1340 Washington St, Petersburg, VA 23803

    Value Estimation by Request
    1,888 sqft 0.46 AC lot
    View details
    1305 Washington St
    FINANCIAL BUILDING

    1305 Washington St, Petersburg, VA 23803-3902

    Value Estimation by Request
    872 sqft 0.24 AC lot
    View details
    117 Washington St
    FINANCIAL BUILDING

    117 Washington St, Petersburg, VA 23803-4303

    Value Estimation by Request
    1,596 sqft 0.93 AC lot
    View details
    1104 Washington St
    FINANCIAL BUILDING

    1104 Washington St, Petersburg, VA 23803-3921

    Value Estimation by Request
    1,260 sqft 0.41 AC lot
    View details
    1965 Wakefield Ave
    FINANCIAL BUILDING

    1965 Wakefield Ave, Petersburg, VA 23805-2113

    Value Estimation by Request
    14,553 sqft 1.03 AC lot
    View details
    110 Wagner Rd
    FINANCIAL BUILDING

    110 Wagner Rd, Petersburg, VA 23805-9303

    Value Estimation by Request
    11,770 sqft 1.31 AC lot
    View details
    1941 Sycamore St
    FINANCIAL BUILDING

    1941 Sycamore St, Petersburg, VA 23805-2728

    Value Estimation by Request
    2,380 sqft 0.34 AC lot
    View details
    2048 Sycamore St
    FINANCIAL BUILDING

    2048 Sycamore St, Petersburg, VA 23805-2727

    Value Estimation by Request
    2,108 sqft 0.27 AC lot
    View details
    20 Franklin St
    FINANCIAL BUILDING

    20 Franklin St, Petersburg, VA 23803-4515

    Value Estimation by Request
    14,499 sqft 0.54 AC lot
    View details
    2703 Crater Rd
    FINANCIAL BUILDING

    2703 Crater Rd, Petersburg, VA 23805-2403

    Value Estimation by Request
    2,574 sqft 0.82 AC lot
    View details
    1963 Crater Rd
    FINANCIAL BUILDING

    1963 Crater Rd, Petersburg, VA 23805-2705

    Value Estimation by Request
    2,580 sqft 0.34 AC lot
    View details
    3360 Crater Rd
    FINANCIAL BUILDING

    3360 Crater Rd, Petersburg, VA 23805-9230

    Value Estimation by Request
    3,333 sqft 0.93 AC lot
    View details

    Petersburg, VA Banks Market Trends and Statistics

    Explore 13 banks for sale in Petersburg, VA on our real estate platform.

    Sale prices for bank buildings in Petersburg, VA average $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

    Automotive properties 4
    Shopping centers 4
    Auto shops 3
    Storefront properties 3
    Grocery and convenience stores 2

    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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