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    Petersburg, VA
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    Petersburg, VA Restaurants for Sale

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    Prince George, VA Hopewell, VA Colonial Heights, VA
    Petersburg Retail Center on Crater
    $1,300,000
    10,578 SF
    Petersburg Retail Center on Crater

    2825 S Crater Rd, Petersburg, VA 23805

    Five-bay retail center with high visibility and growth potential.
    • High‑visibility location on S Crater Road with excellent frontage and signage opportunities.
    • Located less than a mile from the future Live! Casino & Hotel Virginia and near Fort Gregg‑Adams, benefiting from strong daytime population and workforce density.
    • Versatile five‑bay layout suitable for retail, restaurant, personal service, office, and medical office uses.
    • Opportunity Zone location offering potential tax benefits.
    • Currently 50% leased, providing immediate income with upside potential through lease‑up.
    Updated: Mar 4
    View details
    Drive-Thru Restaurant Investment Opportunity
    $1,850,000
    2,000 SF
    Drive-Thru Restaurant Investment Opportunity

    23822 Airport St, Petersburg, VA 23803

    Value-add opportunity in Petersburg, VA with drive-thru restaurant space.
    • Value‑Add Opportunity
    • Drive‑Thru Restaurant Space
    • Located in Petersburg, VA
    • Bustling retail scene
    • Nearby Historic Downtown Petersburg
    Updated: Feb 4, 2025
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    Commercial Building with Restaurant Space
    $379,000
    2,400 SF
    Commercial Building with Restaurant Space

    2400 sq ft commercial building with restaurant and retail.

    2019 E Washington Street, Petersburg, VA 23803

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    Based on your search, we've compiled 68 Potential Opportunities for your consideration. Besides 3 Active listings in Petersburg, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 57 Off-Market properties to explore as potential leads, 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 Retail Space For Sale
    $520,000
    8,000 SF
    Richmond Retail Space For Sale

    Retail space in Richmond, VA, suitable for various business ventures.

    3062 Hull Street, Richmond, VA 23224

    View details
    Dual-Zoned Commercial Development Land
    $525,000
    3.32 Acres
    Dual-Zoned Commercial Development Land

    Dual zoning and septic capacity support flexible concepts including office, convenience retail, and restaurant use.

    TBD Prince George Dr, Prince George, VA 23875

    View details
    Established Restaurant For Sale
    $350,000
    Established Restaurant For Sale

    Well-established restaurant available for sale.

    3100 Jackson Farm Rd, Hopewell, VA 23860

    View details
    Prime Corner Lot Opportunity
    Contact for pricing
    4,200 SF
    Prime Corner Lot Opportunity

    Ideal for quick-service restaurant with double drive-thru.

    10000 Hull Street Rd, Richmond, VA 23236

    View details

    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.

    Land For Sale
    $840,000
    Land For Sale

    Land available for sale.

    15904-15920 Happy Hill Road, Colonial Heights, VA 23834

    View details
    Hopewell Land For Sale
    Contact for pricing
    0.12 Acres
    Hopewell Land For Sale

    Flat, wooded lot in Hopewell, zoned B-2.

    Wall Avenue, Hopewell, VA 23860

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    Commercial Lot For Sale
    $41,000
    0.14 Acres
    Commercial Lot For Sale

    Commercial lot for sale, 0.14 acres, zoned B2.

    109 S 6th Avenue, Hopewell, VA 23860

    View details
    Prime Land Near Kroger Center
    $435,000
    0.75 Acres
    Prime Land Near Kroger Center

    Two lots near Kroger shopping center with business potential.

    6641, 6625 Greenyard Road, Chester, VA 23831

    View details

    Off-Market Properties in Petersburg, VA

    Consider similar Off-Market properties in Petersburg, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    500 Wythe St
    RESTAURANT
    4,257 SF Lot: 0.99 Acres
    Value Estimation by Request

    500 Wythe St, Petersburg, VA 23803

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    1608 Washington St
    RESTAURANT
    1,056 SF Lot: 0.16 Acres
    Value Estimation by Request

    1608 Washington St, Petersburg, VA 23803-3631

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    1242 Washington St
    RESTAURANT
    711 SF Lot: 0.20 Acres
    Value Estimation by Request

    1242 Washington St, Petersburg, VA 23803-3923

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    1401 Washington St
    RESTAURANT
    1,800 SF Lot: 0.20 Acres
    Value Estimation by Request

    1401 Washington St, Petersburg, VA 23803-3904

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    1228 Washington St
    RESTAURANT
    1,661 SF Lot: 0.34 Acres
    Value Estimation by Request

    1228 Washington St, Petersburg, VA 23803-3923

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    403 Washington St
    RESTAURANT
    2,974 SF Lot: 0.74 Acres
    Value Estimation by Request

    403 Washington St, Petersburg, VA 23803-3305

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    1933 Washington St
    RESTAURANT
    2,052 SF Lot: 0.38 Acres
    Value Estimation by Request

    1933 Washington St, Petersburg, VA 23803-3636

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    720 Washington St
    RESTAURANT
    1,845 SF Lot: 0.42 Acres
    Value Estimation by Request

    720 Washington St, Petersburg, VA 23803-3450

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    3221 Washington St
    RESTAURANT
    5,843 SF Lot: 1.19 Acres
    Value Estimation by Request

    3221 Washington St, Petersburg, VA 23803-2743

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    2226 Washington St
    RESTAURANT
    936 SF Lot: 0.27 Acres
    Value Estimation by Request

    2226 Washington St, Petersburg, VA 23803-3726

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    1910 Washington St
    RESTAURANT
    3,265 SF Lot: 0.77 Acres
    Value Estimation by Request

    1910 Washington St, Petersburg, VA 23803-3637

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    3329 Washington St
    RESTAURANT
    620 SF Lot: 1.51 Acres
    Value Estimation by Request

    3329 Washington St, Petersburg, VA 23803-2745

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    1714 Washington St
    RESTAURANT
    4,545 SF Lot: 0.31 Acres
    Value Estimation by Request

    1714 Washington St, Petersburg, VA 23803

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    2350 Washington St
    RESTAURANT
    2,845 SF Lot: 1.01 Acres
    Value Estimation by Request

    2350 Washington St, Petersburg, VA 23803-2728

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    1315 Washington St
    RESTAURANT
    1,480 SF Lot: 0.44 Acres
    Value Estimation by Request

    1315 Washington St, Petersburg, VA 23803-3902

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    153 Wagner Rd
    RESTAURANT
    2,094 SF Lot: 1.13 Acres
    Value Estimation by Request

    153 Wagner Rd, Petersburg, VA 23805-9303

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    106 Sycamore St
    RESTAURANT
    1,150 SF Lot: 0.05 Acres
    Value Estimation by Request

    106 Sycamore St, Petersburg, VA 23803-3245

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    2010 Sycamore St
    RESTAURANT
    3,212 SF Lot: 0.14 Acres
    Value Estimation by Request

    2010 Sycamore St, Petersburg, VA 23805-2727

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    108 Sycamore St
    RESTAURANT
    1,155 SF Lot: 0.60 Acres
    Value Estimation by Request

    108 Sycamore St, Petersburg, VA 23803-4258

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    2733 Park Ave
    RESTAURANT
    7,633 SF Lot: 0.78 Acres
    Value Estimation by Request

    2733 Park Ave, Petersburg, VA 23805-2421

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    218 Old Church St
    RESTAURANT
    750 SF Lot: 0.07 Acres
    Value Estimation by Request

    218 Old Church St, Petersburg, VA 23803-3434

    View details

    Petersburg, VA Restaurants Market Trends and Statistics

    Explore 60 restaurants for sale in Petersburg, VA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 14,978 square feet of properties for sale, with an estimated market value of $3,529,000.

    Sale prices for restaurant properties in Petersburg, VA start at $379,000, averaging $1,176,333, and reaching up to $1,850,000 — 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

    Conventional restaurants 2
    Drive through restaurants 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
    23803 $1.1M
    23805 $1.3M

    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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