Mixed-Use Event and Apartment
New
For Sale
$1,450,000
136 River Street, Petersburg, VA 23803
CommercialSale, Petersburg, VA
Property SizeContact for details
Lot Size1.50 Acres
Days on Market2
Property Features for 136 River Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
M1
Accessibility
Accessible Approach with Ramp
Lot features
Level
Subdivision
57 - Petersburg
Standard status
Active
APN
011-080002
Lot size
1.50 Acres
Taxes and HOA fees
Tax Description
245.42X136.5-90.7
Legal Description
245.42X136.5-90.7
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1880
Floors in Building
2
Building materials
Brick
Listing Agency:
Weichert Brockwell & Associate
(804) 518-0500
Listed By:
John Brockwell · License #0225101621
(804) 691-9490
Added: Sep 4
Changed: Sep 5
Last Checked: Sep 5 at 2:06PM
MLS# 2624166
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Investment Insights
Based on property information with market context.
This mixed-use property package includes the Petersburg Civic Center at 136 River Street, related properties at 100–114 River Street, and 431 Third Street, which provides additional parking. The centerpiece is an event and gathering facility used for receptions, weddings, meetings, celebrations, community events, and other functions. The package also contains 11 residential apartment units and a potential billboard opportunity.
The property occupies 1.5 acres in Petersburg’s River Street and Old Towne area, with access to downtown Petersburg, Interstate 95, Interstate 85, and the surrounding Tri-Cities region. A new casino and entertainment development is also nearby. The improvements date to 1880 and feature brick construction, central air, natural gas and electric heating, public water, public sewer, and an accessible approach with ramp.
The property occupies 1.5 acres in Petersburg’s River Street and Old Towne area, with access to downtown Petersburg, Interstate 95, Interstate 85, and the surrounding Tri-Cities region. A new casino and entertainment development is also nearby. The improvements date to 1880 and feature brick construction, central air, natural gas and electric heating, public water, public sewer, and an accessible approach with ramp.
Key Highlights
- 11 residential apartment units included in the property package
- Petersburg Civic Center event facility at 136 River Street
- Additional parking conveyed with 431 Third Street
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Property package combines an established event facility, residential apartments, and additional parking in Petersburg’s River Street area.
Where is this mixed-use property located?
The property is located at 136 River Street Petersburg, VA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 11 residential apartment units included in the property package; Petersburg Civic Center event facility at 136 River Street; Additional parking conveyed with 431 Third Street
