Mixed-Use Redevelopment with Commercial
For Sale
Contact for pricing
39 River St, Petersburg, VA 23803
Ground-floor events and commissary space with eight second-floor residential units in a historic redeveloped train station.
Property SizeContact for details
Days on Market123
Property Features for 39 River St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Opportunity Zone
Yes
Multifamily Units
8
Amenities
hardwood floors
washer/dryer
central air
stainless steel appliances
Listing Agency:
One South Commercial
(804) 353-0009
Listed By:
Tom Rosman · License #VA 0225030879
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 12:46PM
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.
Redeveloped historic mixed-use property featuring a prominent ground-floor commercial space with eight residential units on the second floor. The building was redeveloped nine years ago, originating from a former train station. The ground-level area is currently used for an events venue and food truck service, and the new tenant will utilize the space as both a venue and as a commissary.
The property is located in an opportunity zone on iconic cobbled River Street within historic downtown Petersburg. The residential mix includes four two-bedroom/two-bath units and four one-bedroom/one-bath units. All units feature hardwood floors, washer/dryer, central air, and stainless steel appliances.
The rear lot offers space identified as a potential site for additional commercial, multi-family, or entertainment development.
The property is located in an opportunity zone on iconic cobbled River Street within historic downtown Petersburg. The residential mix includes four two-bedroom/two-bath units and four one-bedroom/one-bath units. All units feature hardwood floors, washer/dryer, central air, and stainless steel appliances.
The rear lot offers space identified as a potential site for additional commercial, multi-family, or entertainment development.
Key Highlights
- Historic redeveloped train station on iconic cobbled River Street with ground‑floor commercial and eight second‑floor residential units
- Ground‑floor space includes an events venue plus food truck service with planned use as a venue and commissary
- Eight total residential units: four 2 bed/1 bath and four 1 bed/1 bath
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
958
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Ground-floor events and commissary space with eight second-floor residential units in a historic redeveloped train station.
Where is this apartment building located?
The property is located at 39 River St Petersburg, VA.
What are key features of this property?
This property features: Historic redeveloped train station on iconic cobbled River Street with ground‑floor commercial and eight second‑floor residential units; Ground‑floor space includes an events venue plus food truck service with planned use as a venue and commissary; Eight total residential units: four 2 bed/1 bath and four 1 bed/1 bath
