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Mixed-Use Property with Offices
For Sale
Contact for pricing
Pending

49 South Market Street, Petersburg, VA 23803

Corner property combining professional office space with two residential apartments in a historic home setting.

Property SizeContact for details
Days on Market143

Property Features for 49 South Market Street

General Information

Standard status Pending
Property subtype Multifamily, Office

Additional Details

Gross Income $43,200
Office Units 2

Building Details

Buildings 1
Construction Victorian
Tenancy Multi
Listing Agency: Weichert Brockwell & Associate
Listed By: John Brockwell · License #0225101621
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 1:05AM

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 Weichert Brockwell & Associate

Investment Insights

Based on property information with market context.

The property occupies a former Victorian home configured with two office suites and two residential apartments. This mixed-use arrangement combines commercial and residential components within one building.

Situated at the intersection of South Market Street and W Wythe, the property is positioned among a fire station, an attorney firm, and a building undergoing commercial renovation. The surrounding corner uses provide an established professional and civic setting in Petersburg.

Key Highlights

  • Two office spaces within the building
  • Two residential apartments included
  • Former Victorian home configuration

Property Analytics

Current Use

Office buildings

Suggested Use

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

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

2
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,207
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

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Corner property combining professional office space with two residential apartments in a historic home setting.
Where is this mixed-use property located?
The property is located at 49 South Market Street Petersburg, VA.
What are key features of this property?
This property features: Two office spaces within the building; Two residential apartments included; Former Victorian home configuration
More about this property
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