124 W Bank St, Petersburg, VA

Name: 124 W Bank St, Sold in Petersburg - eXp Realty
Brand: KW Metro Center
SKU: 2606021
Price: 389000 USD

House

Sold

Listed price in listed location currency (USD).

$377,000

$389,000

000

MLS® 2606021

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size -

Garage

Taxes

Lot Size 0.0695 Acres

Approx. Age 1820

MLS® Number 2606021

Property Address: 124 W Bank St, Petersburg, VA, 23803-3216

Average square foot calculated using Size range provided by listing agent.

Description

Historic Mixed-Use Opportunity in the Heart of Old Towne Petersburg Located in the vibrant downtown district of Old Towne Petersburg, this circa-1820 brick mixed-use building offers a rare opportunity for residential income, commercial use, or a live-work setup. Zoned B-3 (Central Business District), the property allows for a variety of uses including retail, office, restaurant, gallery, or residential, making it ideal for investors and business owners alike. The property offers approximately 2, 900 square feet and is currently configured as a duplex. Each unit has separate entrances, utilities, and mailboxes, providing flexibility for leasing or owner occupancy. The first-floor space features spacious rooms with high ceilings and exposed brick, offering excellent potential for retail storefront, office space, studio, or a reimagined residential unit. The layout allows for a possible second bedroom or commercial storefront conversion, depending on the buyer’s vision. Upstairs, the second-floor apartment provides comfortable living space and includes access to a private rooftop terrace, perfect for entertaining or enjoying views of the historic downtown district. Major improvements include a new thermoplastic polyolefin (TPO) roof installed in 2025, new second-floor HVAC (2025), first-floor HVAC replacement in 2021, and a fully waterproofed basement with an additional sump pump. Additional features include an attached garage with direct access to the first floor, offering potential for additional commercial space, storage, or possible conversion, along with paved rear parking and convenient access via Bartow Alley. Just steps from restaurants, galleries, shops, and entertainment, this unique property combines historic character, income potential, and commercial flexibility in one of Petersburg’s most desirable downtown locations.

MLS® Number2606021

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1820

Basement

Driveway

Garage Spaces

HeatElectric, Zoned

A/CCentral Air

Extras

Price History

Mar 31, 2026End Date

$377,000Sold Price

Sold

Mar 12, 2026List Date

$389,000List Price

Commute

Commute

Starting Address

Destination Address

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