Petersburg, VA Commercial Real Estate for Lease and Sale

Explore 25 listings of Petersburg commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

US 460 Business Land

US Route 460 & Pinetree Drive, Petersburg, VA
Property

VacantLand
For Sale

Call Agent
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±1.2 AC Development Site

26114 W. Washington St, Petersburg, VA
Property

VacantLand
For Sale Contact Agent
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US 460 Business Land

US Route 460 & Pinetree Drive, Petersburg, VA
Property

VacantLand
Availability

1 Space

195,148 SF
For Lease Contact for pricing
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Walnut Hill Plaza

2001 S. Crater Road, Petersburg, VA
Property

Retail

87,239 SF
Availability

8 Spaces

61,374 SF
For Lease Contact for pricing
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3706 South Crater Road

3706 South Crater Road, Petersburg, VA
Property

Other
For Sale

$4,319,999
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1 N Sycamore Street

1 N Sycamore Street, Petersburg, VA
Property

Retail

1,200 SF
Availability

1 Space

1,200 SF
For Lease Contact for pricing
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8 N Sycamore Street

8 N Sycamore Street, Petersburg, VA
Property

Retail

1,500 SF
Availability

1 Space

1,500 SF
Year Built

1860
For Lease Contact for pricing
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6490 Hospitality Dr

6490 Hospitality Dr, Petersburg, VA
Property

Retail

2,035 SF
Year Built

2002
For Sale Contact for pricing
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Cameron Lofts

325 Brown Street, Petersburg, VA
Property

Office

80,000 SF
Availability

3 Spaces

19,094 SF
For Lease

$7.00 - $14.00/SF/YR
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Mayton Transfer Lofts

Mayton Transfer Lofts, Petersburg, VA
Property

Other

799 SF
For Sale Contact for pricing
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21111-21115 Chesterfield Avenue

21111-21115 Chesterfield Avenue, Ettrick, South Chesterfield, VA
Property

VacantLand

1.05 Acre
Availability

1 Space

1.05 Acre
For Lease Contact for pricing
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1961 South Sycamore Street

1961 South Sycamore Street, Petersburg, VA
Property

Retail

1,400 SF
Availability

1 Space

1,400 SF
For Lease

$1,700.00/MO
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2588 County Drive

2588 County Dr, Petersburg, VA
Property

VacantLand

75.18 Acre
For Sale

$2,625,000
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3799 South Crater Road

3799 S Crater Rd, Petersburg, VA
Property

VacantLand

6.44 Acre
For Sale

$1,280,000
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8 W. Old Street

8 W Old St, Petersburg, VA
Property

Office

1,610 SF
Availability

2 Spaces

1,610 SF
For Lease

$2,300.00/MO
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2120 S Crater Rd

2120 S Crater Rd, Petersburg, VA
Property

Retail

50,328 SF
Availability

2 Spaces

4,200 SF
Year Built

2007
For Lease Contact for pricing
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21 Walnut Boulevard

21 Walnut Boulevard, Petersburg, VA
Property

Office

2,738 SF
Availability

2 Spaces

2,086 SF
For Lease

$950.00 - $1,750.00/SF/MO
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595 Old Wagner Road Lot 2

595 Old Wagner Road, Petersburg, VA
Property

VacantLand

1.31 Acre
For Sale

$300,000
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275 Medical Park Blvd

275 Medical Park Blvd, Petersburg, VA
Property

VacantLand

2.02 Acre
For Sale

$646,500
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2535 S Crater Rd

2535 S Crater Rd, Petersburg, VA
Property

Office

5,600 SF
Availability

1 Space

5,600 SF
Year Built

1965
For Lease

$17.00/SF/YR
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3120 S Crater Rd

3120 S Crater Rd, Petersburg, VA
Property

Retail

23,333 SF
Availability

1 Space

14,082 SF
Year Built

1988
For Lease Contact for pricing
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2 N Sycamore Street

2 N Sycamore Street, Petersburg, VA
Property

Retail

2,000 SF
Availability

1 Space

2,000 SF
For Lease Contact for pricing
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30 Franklin Street

30 Franklin Street, Petersburg, VA
Property

Office

47,026 SF
Availability

1 Space

5,099 SF
For Lease

$14.50/SF/YR
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Boydton Plank Road

Boydton Plank Road, Dinwiddie, VA
Property

VacantLand

4.8 Acre
For Sale

$325,000
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21111-21115 Chesterfield Avenue

21111-21115 Chesterfield Avenue, Ettrick, South Chesterfield, VA
Property

VacantLand

1.05 Acre
For Sale Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Petersburg commercial real estate market incorporates 136,974 square feet of office space across 5 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Petersburg commercial real estate market includes 185,589 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities.

The listing inventory in Petersburg incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Petersburg is represented by Retail space, which accounts for 87,720 square feet of available listings. Office space available in Petersburg adds up to 33,489 square feet.

Meanwhile, most of the listings of commercial property for sale in Petersburg are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Petersburg, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $24.84 per square foot.

The average size of a commercial property in Petersburg depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Petersburg, the average size of an office property is 27,395 square feet.
Retail properties here incorporate an average of 18,559 square feet.

Petersburg, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Petersburg currently add up to 360,131 square feet. The market offers 5 active office listing(s), which amount to 33,489 square feet and account for 35% of commercial spaces on the market. Local retail availability includes 85,756 square feet across 7 retail space(s).

Property Type	Count of Listings	Total SF
Office	5	33,489
Retail	7	85,756
Other	2	240,886

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Petersburg, VA. Currently, there is 2,925 square feet of commercial property for sale here , which includes , 1 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Retail	1	2,035
Other	10	890

Petersburg, VA Commercial Real Estate for Lease and Sale

US 460 Business Land

±1.2 AC Development Site

US 460 Business Land

Walnut Hill Plaza

3706 South Crater Road

1 N Sycamore Street

8 N Sycamore Street

6490 Hospitality Dr

Cameron Lofts

Mayton Transfer Lofts

21111-21115 Chesterfield Avenue

1961 South Sycamore Street

2588 County Drive

3799 South Crater Road

8 W. Old Street

2120 S Crater Rd

21 Walnut Boulevard

595 Old Wagner Road Lot 2

275 Medical Park Blvd

2535 S Crater Rd

3120 S Crater Rd

2 N Sycamore Street

30 Franklin Street

Boydton Plank Road

21111-21115 Chesterfield Avenue

Frequently Asked Questions

Petersburg, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Petersburg, VA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Petersburg, VA?

What factors affect the price of commercial real estate in Petersburg, VA?

What are the best areas for commercial real estate in Petersburg, VA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Petersburg, VA?

Petersburg, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us