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    Conventional Restaurant

    Petersburg, VA Conventional Restaurants for Sale

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    Prince George, VA Hopewell, VA Colonial Heights, VA Disputanta, VA Chesterfield, VA Chester, VA Dinwiddie, VA North Chesterfield, VA
    Commercial Building with Restaurant Space
    Updated: Nov 6, 2024
    Commercial Building with Restaurant Space

    2019 E Washington St, Petersburg, VA 23803

    $379,000
    2,400 sqft
    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.
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    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 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.

    Functional Warehouse with Fenced Yard
    Functional Warehouse with Fenced Yard

    321 West 7th Street, Richmond, VA 23224

    $2,150,000
    16,800 sqft 0.76 AC lot

    Versatile warehouse property with drive-in access, loading infrastructure, outdoor storage, and off-street parking.

    View details
    Freestanding Restaurant Building
    Freestanding Restaurant Building

    23496 WELCOME WAY DRIVE, Ruther Glen, VA 22546

    $5,000,000
    7,766 sqft

    Freestanding restaurant building with direct interstate access and an adjacent hotel offering truck and trailer parking.

    View details
    Historic Corner Retail Restaurant
    Historic Corner Retail Restaurant

    520 N 25th St, Richmond, VA 23225

    $1,900,000

    Centrally located corner property in a walkable neighborhood, suited for retail, restaurant, and community gathering uses.

    View details
    Gas Station With Deli
    Gas Station With Deli

    20236 FROG LEVEL Road, Ruther Glen, VA 22546

    $438,000
    1.71 AC lot

    Operating convenience retail property with a deli, parking lot, and an accompanying two-bedroom trailer.

    View details

    Petersburg, VA Conventional Restaurants Market Trends and Statistics

    Explore 1 conventional restaurants for sale in Petersburg, VA on our real estate platform. These investment opportunities span a total of 2,400 square feet of properties for sale, with an estimated market value of $379,000.

    Sale prices for conventional restaurants in Petersburg, VA average $379,000 — 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

    Coffee shops 1
    Conventional restaurants 1
    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

    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%

    How Realmo verifies these figures

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    • 23803

    Featured Petersburg Real Estate Agencies

    Realmo connects you with licensed Petersburg CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Hobbs Realty, LLC
    3287 South Crater Rd Petersburg, VA 23805
    Phone: (804) 324-5835
    www.hobbsrealtyllc.com
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