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    Petersburg, VA Conventional Restaurants for Sale

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    Prince George, VA Hopewell, VA Colonial Heights, VA
    Petersburg Retail Center on Crater
    $1,300,000
    10,578 SF
    Petersburg Retail Center on Crater

    2825 S Crater Rd, Petersburg, VA 23805

    Five-bay retail center with high visibility and growth potential.
    • High‑visibility location on S Crater Road with excellent frontage and signage opportunities.
    • Located less than a mile from the future Live! Casino & Hotel Virginia and near Fort Gregg‑Adams, benefiting from strong daytime population and workforce density.
    • Versatile five‑bay layout suitable for retail, restaurant, personal service, office, and medical office uses.
    • Opportunity Zone location offering potential tax benefits.
    • Currently 50% leased, providing immediate income with upside potential through lease‑up.
    Updated: Mar 4
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    Commercial Building with Restaurant Space
    $379,000
    2,400 SF
    Commercial Building with Restaurant Space

    2019 E Washington Street, Petersburg, VA 23803

    2400 sq ft commercial building with restaurant and retail.
    • Owner financing available: up to 50% of the purchase price.
    • Turnkey restaurant space: fully built‑out with a complete kitchen and hood system.
    • High‑growth area: strategic location to capitalize on the anticipated new casino in Petersburg.
    • Versatile commercial building: 2,400 sq. ft. standalone building suitable for investment or owner‑user.
    • Two separate interior spaces: Left unit is a restaurant, right unit is flexible for retail or service‑based business.
    Updated: Nov 4, 2024
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Petersburg, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Richmond Retail Space For Sale
    $520,000
    8,000 SF
    Richmond Retail Space For Sale

    Retail space in Richmond, VA, suitable for various business ventures.

    3062 Hull Street, Richmond, VA 23224

    View details
    Established Restaurant in Gloucester Courthouse
    $650,000
    3,926 SF
    Established Restaurant in Gloucester Courthouse

    Landmark restaurant property in Gloucester Courthouse with high visibility.

    6870 Main Street, Gloucester, VA 23061

    View details
    Gloucester Restaurant Building For Sale
    $650,000
    3,926 SF
    Gloucester Restaurant Building For Sale

    Established restaurant property in Gloucester Courthouse with high visibility.

    6870 Main Street, Gloucester, VA 23061

    View details
    Richmond Retail Space For Sale
    $520,000
    8,000 SF
    Richmond Retail Space For Sale

    Prime downtown Richmond retail space, currently a seafood restaurant.

    3062 Hull St, Richmond, VA 23224

    View details

    Petersburg, VA Conventional Restaurants Investment Opportunities Market Analysis

    Explore 2 conventional restaurants for sale in Petersburg, VA on our real estate platform. These investment opportunities span a total of 12,978 square feet of properties for sale, with an estimated market value of $1,679,000.

    Sale prices for conventional restaurants in Petersburg, VA start at $379,000, averaging $839,500, and reaching up to $1,300,000 — 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

    Conventional restaurants 2
    Drive through restaurants 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
    23803 $379K
    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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