Petersburg, VA Commercial Real Estate for Sale

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34 properties

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Updated: Jul 10

B-2 Commercial Corner Land

717 W Washington Street, Petersburg, VA 23803

$275,000

0.14 AC lot

0.1435‑acre commercial land offering
Three separate parcels sold together
Approximately 157 feet of frontage on W. Washington Street
117–120 feet of depth along N. South Street
B‑2 General Commercial zoning

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Updated: Sep 10

Remodeled Duplex With Live-Work Flexibility

625 Grove Avenue, Petersburg, VA 23803

$289,999

1,764 sqft 0.07 AC lot

1,764‑square‑foot duplex on a 0.0713‑acre lot
Two‑level layout can function as separate units or a connected live/work space
Street‑level area includes a full bath and rear room/office
Lower level has the ability to add a kitchen
Located near shops, restaurants, and attractions in Historic Old Towne Petersburg

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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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See hot listings in Petersburg

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in

Est. NOI available after sign in

Local Demand available after sign in

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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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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Business-Zoned Commercial Land

Boydton Plank Road, Petersburg, VA 23803

$149,900

1.87 AC lot

Vacant commercial parcel with road access and public water and sewer service available.

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Two-Story Brick Retail Building

128 North Sycamore, Petersburg, VA 23803

$400,000

Operating beauty supply business and inventory convey with the commercial building.

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Remodeled Mixed-Use Property

625 Grove Ave, Petersburg, VA 23803

$289,999

1,764 sqft

Two-level commercial space supports flexible office, storefront, studio, or live-work configurations.

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Church Facility with Parsonage

21000 Chesterfield Avenue, Petersburg, VA 23803

$729,000

0.66 AC lot

C-2 zoning supports church use and a range of commercial services, with public water and sewer.

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Historic Mixed-Use Property

115-117 S Market Street, Petersburg, VA 23803

$390,000

Brick building combines updated residential space, a separate rear unit, and an unfinished interior section.

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Office Building with Private Offices

130 East Wythe Street, Petersburg, VA 23803

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3,248 sqft

A conference room, reception area, and off-street parking support a range of office configurations.

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Compact Industrial Land Parcel

603 Hinton Street, Petersburg, VA 23803

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0.10 AC lot

M-1-zoned land with road frontage, a driveway cut, and a partially cleared, level site.

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Brick Two-Story Storefront

128 N Sycamore, Petersburg, VA 23803

$400,000

Operating beauty supply business and inventory convey with the sale of the building.

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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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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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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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Prime Commercial Land Opportunity

2161 County Drive, Petersburg, VA 23803

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7,688 sqft 2.04 AC lot

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

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Large Manufacturing Property

2400 East Washington Street, Petersburg, VA 23803

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110,008 sqft 10.73 AC lot

Manufacturing facility with substantial acreage and access to major Central Virginia transportation routes.

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Bank Branch NNN Property

1963 South Crater Road, Petersburg, VA 23805

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2,200 sqft

Bank of America branch with an NNN lease renewal extending through May 2030.

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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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Drug Store Property

2141 South Crater Road, Petersburg, VA 23805

$1,288,512

The offering is identified as a pharmacy backfill along S Crater Road in Petersburg.

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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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Motel 6 Lodging Property

25 N LITTLE CHURCH ST, Petersburg, VA 23803

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21,531 sqft

Motel 6 lodging property in Petersburg, Virginia, constructed in 1994.

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Land

Petersburg, VA 23803

$449,000

Commercial land

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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 34 active listings on our real estate platform. These investment opportunities span a total of 534,977 square feet of properties for sale, with an estimated market value of $13,980,410.

Sale prices for business properties in Petersburg, VA start at $149,900, averaging $822,377, 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.

Petersburg, VA CRE market trends — vacancy, lease rates and price per SF, updated monthly

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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	$757.1K
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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