Petersburg, VA Commercial Real Estate for Sale

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49 properties

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Updated: Aug 11

Three-Bay Auto Shop

601 E Wythe St, Petersburg, VA 23803

$350,000

1,524 sqft

1,524 sqft auto shop building
Three bays: 2 wide and 1 single
Two interior rooms and 1.5 bathrooms
Updated roof with electrical upgrades
Wall repair work completed

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This listing looks promising.

Here's a quick look at some key insights for

601 E Wythe St, Petersburg, VA 23803

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Est. Cap Rate

5.7%
NOI ÷ price
Est. NOI

$20K
Annual
Price @ 7% Cap

$282K
Suggested
Property Type

Retail Stores
Built 1946

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Updated: Jul 10

Corner Development Land with B-2 Zoning

717 W Washington Street, Petersburg, VA 23803

$275,000

0.14 AC lot

Corner commercial development site at W. Washington St. and N. South St. in Petersburg, VA
Three parcels sold together with approx. 157 ft frontage on W. Washington St. and 117–120 ft depth on N. South St.
Zoned B‑2 General Commercial, offering flexibility for permitted commercial uses
Permitted uses listed include retail, restaurants, professional/medical offices, financial institutions, and personal service businesses
Utilities available: public water and public sewer

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62.5 Acres in Petersburg, VA

2557 N Stedman Drive, Petersburg, VA 23803

$1,500,000

62.50 AC lot

Large land parcel available in Petersburg, Virginia.

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Church Facility with Kitchen Building

2568 N Stedman Drive, Petersburg, VA 23803

$440,000

2.04 AC lot

Two-building religious facility with paved parking, flexible rooms, kitchen space, and outdoor recreational areas.

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Historic Mixed-Use Buildings

122 & 124 N Sycamore St, Petersburg, VA 23803

$600,000

27,864 sqft

Two historic buildings offer a substantial redevelopment footprint within Petersburg’s historic district and Opportunity Zone.

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Two-Story Brick Storefront

128 North Sycamore, Petersburg, VA 23803

$400,000

Operating beauty supply business occupies a substantial, fully brick commercial building with additional basement space.

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Historic Petersburg Vacant Land

329 Witten Street, Petersburg, VA 23803

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0.08 AC lot

Vacant land in Pocahontas Island Historic District.

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Petersburg Retail Center on Crater

2825 S Crater Rd, Petersburg, VA 23805

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10,578 sqft

Five-bay retail center with high visibility and growth potential.

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Automotive Retail Property

3130 S Crater Rd, Petersburg, VA 23805

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8,075 sqft

For sale automotive-oriented property with an 8.25% cap rate, marketed for synergies with nearby auto parts stores.

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Specialty Land Parcel

2161 County Drive, Petersburg, VA 23803

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7,688 sqft 2.10 AC lot

For sale commercial land parcel totaling 2.1 acres.

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2.04 Acre Commercial Land Parcel

2175 County Drive, Petersburg, VA 23803

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2 sqft 2.04 AC lot

2.04 acre commercial land parcel with B-2 zoning.

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Freestanding Commercial Building with Central Air

530 S Crater Rd, Petersburg, VA 23803

$279,000

1,380 sqft

Single building includes electric heat, central air, multiple rooms, kitchen, bathroom, and ample parking.

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Specialty Development Opportunity

2557 N Stedman Drive, Petersburg, VA 23803

$1,500,000

Groundwork is complete with the city, with possible owner financing for this for-sale specialty property.

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Insulated Metal Industrial Shop

22508 Cox Road, Petersburg, VA 23803

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4,500 sqft

Insulated metal shop with 3-phase power, partitioned office and break room, and paved parking on Cox Road.

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Motel with Land For Sale

Petersburg, VA 23805

$2,499,000

Motel is currently leased as part of an offered land property, with pricing noted as negotiable.

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Gas Station Convenience Store

1 S Crater Rd, Petersburg, VA 23803

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1,068 sqft 0.48 AC lot

Gas station and convenience store on a traffic-light intersection with business space and associated revenue services.

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Platted Development Land on Route 1

9222 Boydton Plank Rd, Petersburg, VA 23803

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11.72 AC lot

Mostly level, platted land with over 1,000 feet of Route 1 frontage and utilities already on site.

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Prime Commercial Land Opportunity

2161 County Drive, Petersburg, VA 23803

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2.04 AC lot

2.04-acre commercial land parcel for sale in Petersburg, Virginia.

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Freestanding Fast Food Restaurant

2135 County Dr, Petersburg, VA 23803

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2,832 sqft 1.20 AC lot

Free-standing fast food restaurant on approximately 1.2 acres with full access, offering about 2,832 sq. ft.

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Medical Office or Office Space

531 S Sycamore St, Petersburg, VA 23803

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2,934 sqft

Office or medical office space totaling 2,934 SF, located within an Enterprise Zone.

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Retail Investment with 7% Cap

1847 Boydton Plank Rd, Petersburg, VA 23805

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9,180 sqft

For sale retail property totaling 9,180 SF, marketed with a stated 7% capitalization rate.

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Commercial Building with Restaurant Space

2019 E Washington St, Petersburg, VA 23803

$379,000

2,400 sqft

2400 sq ft commercial building with restaurant and retail.

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Vacant Commercial Land

10801 South Crater Road, Petersburg, VA 23805

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Vacant commercial parcel on South Crater Road with convenient access to major area routes.

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Retail Anchored Commercial Land

3450 S Crater Road, Petersburg, VA 23805

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0.78 AC lot

Commercial land totaling 0.78 acres is anchored by a recently remodeled 152,000 SF Walmart Supercenter.

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Petersburg, VA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Petersburg, VA, showcased through 49 active listings on our real estate platform. These investment opportunities span a total of 357,433 square feet of properties for sale, with an estimated market value of $13,122,000.

Sale prices for business properties in Petersburg, VA start at $275,000, averaging $1,093,500, and reaching up to $3,750,000 — 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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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
23803	$821.5K
23805	$1.3M

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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