Warehouse Space with Loading
For Lease
$5,000,000
1201 Commerce Street, Petersburg, VA 23803
CommercialLease, Petersburg, VA
Space Size8,840 SF
Lot Size3.80 Acres
Days on Market96
Property Features for 1201 Commerce Street
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning description
M-1
Subdivision
57 - Petersburg
Standard status
Active
APN
024-150018
Lot size
3.80 Acres
Taxes and HOA fees
Tax Description
3.86 ACRES
Legal Description
3.86 ACRES
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Heat Pump (Heating), Natural Gas
Cooling system
Gas (Cooling), Central Air
Water source
Public
Building Details
Year built
1987
Floors in Building
2
Roof type
Built-Up
Listing Agency:
Welch Real Estate
(804) 300-6123
Listed By:
Debbie Welch · License #0225043251
(804) 399-5871
Added: Jun 24
Changed: Sep 12
Last Checked: Sep 27 at 1:06PM
MLS# 2617316
Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property includes 8,840 square feet of raw space available for lease, with two loading docks and a new sprinkler system planned before occupancy. Multiple warehouse buildings connect with an office building, providing an integrated commercial configuration. The property was built in 1987 and includes a built-up roof, heat pump and natural gas heating, central air, public water, and public sewer.
The 3.8-acre property is 92+% leased, with tenants’ rights applying to the occupied portions. It is located in Petersburg near the historical area, with access to I-95 and I-85. Portions of the property operate seven days a week with extended evening hours.
The 3.8-acre property is 92+% leased, with tenants’ rights applying to the occupied portions. It is located in Petersburg near the historical area, with access to I-95 and I-85. Portions of the property operate seven days a week with extended evening hours.
Key Highlights
- 8,840 sq ft of available raw warehouse space
- 2 loading docks
- New sprinkler system planned before availability
Property Analytics
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Current Use
Lease Details
2
Dock-high doors
Yes
Highway access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23803, VA
44,377
Population
19,826
Households
2.2
Avg Household Size
36
Median Age
24%
College-Educated
88%
High-School Grad
72.2 sq mi
ZIP Area
615
Density / Sq Mi
$55,820
Median Household Income
$35,122
Median Earnings
$1,132
Median Rent
$208,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Raw warehouse space offers storage capacity, loading access, and a planned sprinkler system for incoming users.
Where is this warehouse located?
The property is located at 1201 Commerce Street Petersburg, VA.
What is the lease rate?
The lease rate is $5,000,000.
What are key features of this property?
This property features: 8,840 sq ft of available raw warehouse space; 2 loading docks; New sprinkler system planned before availability
