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Two-Story Office Building
For Lease
$7,973/Mo

20 Franklin Street, Petersburg, VA 23803

B3-zoned space with off-street parking in Petersburg’s historic downtown business district.

Space Size11,960 SF
Days on Market1155

Property Features for 20 Franklin Street

General Information

Standard status Active
Size 11,960 SF
Net Rentable 11,960 SF
Zoning B3

Space & Availability

Available Space 11,960 SF
Space Use Office

Building Details

Building Size 11,960 SF
Year Built 1959
Stories 2
Listing Agency: One South Commercial LLC
Listed By: Isaac Weintz · License #0225250413
Source: Colerealestateinc
Added: Aug 28, 2023 Changed: Oct 25 Last Checked: Oct 23 at 5:52PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of One South Commercial LLC

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Investment Insights

Based on property information with market context.

This two-story office property contains 11,960 square feet and was built in 1959. The building includes off-street parking and is located in Petersburg’s historic downtown business district.

The property is zoned B3 and was formerly occupied by Wells Fargo.

Key Highlights

  • 11,960 SF across two stories
  • Off‑street parking
  • B3 zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,195
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - B3-zoned space with off-street parking in Petersburg’s historic downtown business district.
Where is this office building located?
The property is located at 20 Franklin Street Petersburg, VA.
What is the lease rate?
The lease rate is $7,973/Mo.
What are key features of this property?
This property features: 11,960 SF across two stories; Off‑street parking; B3 zoning
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