Historic Office Building with
For Sale
Contact for pricing
20 W Bank St, Petersburg, VA 23803
Rehabilitated office property under a long-term net lease, with flexible interiors, extensive parking, and historic architectural elements.
Property SizeContact for details
Lot Size2.13 Acres
Days on Market145
Property Features for 20 W Bank St
General Information
Standard status
Active
Total Parking Spaces
155
Elevators
Yes
Lot size
2.13 Acres
Property subtype
Office
Zoning
B-3
Financials
Cap Rate
7.2%
Gross Income
$526,428
Opportunity Zone
Yes
Amenities
skylights
large open spaces
hardwood floors
high ceilings
Building Details
Year Built
1845
Year Renovated
2002
Buildings
2
Construction
brick
Tenancy
Single
Owner Occupied
No
Listing Agency:
One South Commercial
(804) 266-8831
Listed By:
Tom Rosman · License #VA 0225030879
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 9:01AM
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
Investment Insights
Based on property information with market context.
The offering includes a 73,086-square-foot office building on 2.13 acres, a separate 2,704-square-foot office building at 110 W Bank St, and a parking lot at 111 W Tabb St. The principal structure dates to 1845, with a 1919 expansion and comprehensive rehabilitation completed in 2002. Its character features include timber beams, steel girders, five-brick-thick walls, skylights, hardwood flooring, an elevator, high ceilings, and broad open areas. Recent capital work includes roof replacement, window replacement or reconditioning, HVAC installation, electrical upgrades, and parking lot resurfacing.
District 19 Community Services Board occupies the property under a net lease extending through 2034. The campus is in Petersburg’s Old Towne Historic District and carries B-3 zoning. On-site parking totals 155 spaces, while the tenant pays utilities and the owner handles real estate taxes, insurance, HVAC, and roof maintenance. The property is also located within an Opportunity Zone.
District 19 Community Services Board occupies the property under a net lease extending through 2034. The campus is in Petersburg’s Old Towne Historic District and carries B-3 zoning. On-site parking totals 155 spaces, while the tenant pays utilities and the owner handles real estate taxes, insurance, HVAC, and roof maintenance. The property is also located within an Opportunity Zone.
Key Highlights
- 73,086‑square‑foot office building on 2.13 acres
- Separate 2,704‑square‑foot office building at 110 W Bank St
- Net lease with District 19 Community Services Board extending through 2034
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,048
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Rehabilitated office property under a long-term net lease, with flexible interiors, extensive parking, and historic architectural elements.
Where is this office building located?
The property is located at 20 W Bank St Petersburg, VA.
What are key features of this property?
This property features: 73,086‑square‑foot office building on 2.13 acres; Separate 2,704‑square‑foot office building at 110 W Bank St; Net lease with District 19 Community Services Board extending through 2034
