Warehouse Space with Two Loading
For Lease
$5,000,000
1201 Commerce Street, Petersburg, VA 23803
COMMERCIAL - Petersburg, VA
Space Size8,840 SF
Lot Size3.80 Acres
Days on Market50
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
Central Air, Gas (Cooling)
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: Aug 4
Last Checked: Aug 12 at 12:06AM
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.
A multi-building warehouse complex that is 92+% leased, with space available for a new tenant or an owner-occupant. The available raw warehouse space totals 8,840 SF and includes a sprinkler system. The space would be a fit for tenants needing warehousing for inventory or storage, and uses will be evaluated. The seller/landlord notes portions of the property operate 7 days a week with extended evening hours.
The 8,840 SF available area includes 2 loading docks and will be ready for lease once the new sprinkler system is installed. Multiple warehouse buildings are connected to an office building. The property sits on 3.8 acres and was built in 1987. Public water and public sewer are available, and heating is described as zoned with heat pump and natural gas.
The complex is in close proximity to a historical area, with east access to I-95 and I-85.
The 8,840 SF available area includes 2 loading docks and will be ready for lease once the new sprinkler system is installed. Multiple warehouse buildings are connected to an office building. The property sits on 3.8 acres and was built in 1987. Public water and public sewer are available, and heating is described as zoned with heat pump and natural gas.
The complex is in close proximity to a historical area, with east access to I-95 and I-85.
Key Highlights
- 92+% leased property with available space for a new tenant or owner‑occupant
- 8,840 SF raw warehouse space with sprinkler system
- Two loading docks in the available lease area
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
92%
Occupancy
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Raw warehouse space with a sprinkler system and two loading docks in a multi-building complex.
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: 92+% leased property with available space for a new tenant or owner‑occupant; 8,840 SF raw warehouse space with sprinkler system; Two loading docks in the available lease area
