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Petersburg, VA Office Buildings for Sale

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Prince George, VA Hopewell, VA Colonial Heights, VA
Former Bank Building For Sale
Updated: Aug 19, 2021
Former Bank Building For Sale

1965 Wakefield Avenue, Petersburg, VA 23805

$1,200,000
1.03 AC lot
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.
Third floor is available for rent, presenting an opportunity for increased revenue.
Property was formerly a main bank office, suggesting a robust and well‑maintained infrastructure.
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Petersburg, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Richmond Office Building For Sale
Richmond Office Building For Sale

4605 Commerce Road |, Richmond, VA 23234

Contact for pricing
11,000 sqft

Office building with leaseback opportunity in Richmond's Enterprise Zone.

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Richmond Office Building For Sale
Richmond Office Building For Sale

2500 - 2505 Pocoshock Pl, Richmond, VA 23235

$6,500,000
41,806 sqft

Office building for sale in Richmond, Virginia.

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Chester Office Building For Sale
Chester Office Building For Sale

13203 N Enon Church Rd, Chester, VA 23836

Contact for pricing
143,000 sqft

Office building with 143,000 square feet available for sale.

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Corporate Office Campus Near Park
Corporate Office Campus Near Park

13203 N Enon Church Rd, Chester, VA

Contact for pricing
143,000 sqft · 9.78 AC lot

143,000± SF office building on 9.73 acres for sale.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Land Near Kroger Center
Prime Land Near Kroger Center

6641, 6625 Greenyard Road, Chester, VA 23831

$435,000
0.75 AC lot

Two lots near Kroger shopping center with business potential.

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Richmond Land For Commercial Use
Richmond Land For Commercial Use

4801 Ridgedale Parkway, Richmond, VA 23234

$225,000
0.70 AC lot

Elevated lot suitable for office, retail, or food service.

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Commercial Development Site on Charter
Commercial Development Site on Charter

13530 Tredegar Lake Pkwy, Midlothian, VA 23112

Contact for pricing
5.00 AC lot

5-acre commercial development site at a signalized intersection.

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Vacant Lot on 25th Street
Vacant Lot on 25th Street

1205 N 25th St, Richmond, VA 23223

$165,000

Vacant commercial lot in vibrant Church Hill neighborhood.

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Petersburg, VA Office Buildings Market Trends and Statistics

Explore 1 office buildings for sale in Petersburg, VA on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,200,000.

Sale prices for office properties in Petersburg, VA start at $1,200,000, averaging $1,200,000, and reaching up to $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Office Units 7
Medical Office Space 4
Coworking space 1
Office buildings 1

Demographics Overview

Population 71K
Population Growth (5Y) +24.0%
Median Household Income $61,750
College Educated 20.7%

High-Yield Neighborhoods for Investment

Identify Petersburg submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
23805 $1.2M

Taxes & Financing

Tax Rate (average for all types) 1.19%
Property Tax per SF $20.20 per SF
Tax Rate vs County Average 0.05 pp above county avg
Average Loan-to-Value 65.0%

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