Former Bank Building For
1965 Wakefield Avenue Petersburg, VA 23805
For Sale
$1,200,000
Three-story commercial building with leaseback opportunity in Petersburg, VA.
Lot Size1.03 Acres
Days on Market1806
Property Features for 1965 Wakefield Avenue
General Information
Standard status
Active
Lot size
1.03 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1979
Listing Agency:
McDonough Real Estate Co
(804) 536-3737
Listed By:
Steve McDonough · License #0225060631
(804) 536-3737
Source:
Exitrealty
Added: Aug 19, 2021
Changed: Jul 6
Last Checked: Jul 29 at 7:51AM
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 McDonough Real Estate Co
Investment Insights
Based on property information with market context.
The property is a three-story commercial building formerly occupied by Virginia Commonwealth Bank, now Blue Ridge Bank (BRB) due to a merger. The corporate offices have relocated, and the first floor is currently occupied by a BRB branch bank. The second floor is rented with 3 years remaining on the lease. The third floor is available for rent. As part of the terms of sale, BRB is committed to remaining in the area and will continue to leaseback from the new investor/owner.
Key Highlights
- Existing leaseback agreement with Blue Ridge Bank (BRB) provides immediate and stable income.
- BRB branch bank occupies the first floor, ensuring consistent occupancy and traffic.
- Second floor is currently rented, offering additional income stream.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Three-story commercial building with leaseback opportunity in Petersburg, VA.
Where is this office building located?
The property is located at 1965 Wakefield Avenue Petersburg, VA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Existing leaseback agreement with Blue Ridge Bank (BRB) provides immediate and stable income.; BRB branch bank occupies the first floor, ensuring consistent occupancy and traffic.; Second floor is currently rented, offering additional income stream.
