New

$1,450,000

For Sale

2 days ago

136 River St, Petersburg, VA

Name: 136 River St, For Sale in Petersburg - eXp Realty
Brand: Weichert Brockwell & Associate
SKU: 2624166
Price: 1450000 USD

House

MLS® 2624166

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 2

Lot Size 1.5 Acres

Approx. Age 1880

MLS® Number 2624166

Property Address: 136 River St, Petersburg, VA, 23803-3372

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

Description

Petersburg Civic Center – Unique Mixed-Use Investment Opportunity Rare opportunity to acquire a distinctive mixed-use, income-producing property package in Petersburg offering multiple potential revenue streams and tremendous investment possibilities. The offering includes the well-known Petersburg Civic Center at 136 River Street, the associated properties at 100–114 River Street, along with 431 Third Street, which conveys with the sale and provides valuable additional parking. The centerpiece of the property is the Petersburg Civic Center, an established event and gathering facility offering a unique venue for receptions, weddings, meetings, celebrations, community events and other functions. An investor or owner/operator has the opportunity to continue the existing operation while exploring additional uses and revenue opportunities for this versatile facility. Adding significantly to the investment potential are 11 residential apartment units, with a combined potential rental income of approximately $9, 250 per month or $111, 000 annually when fully occupied, based on information provided by the owner. The combination of residential rental income, billboard opportunity and an income-producing event facility creates a particularly interesting opportunity for an investor seeking multiple revenue streams within one property package. Located in Petersburg's historic River Street/Old Towne area, the property is convenient to downtown Petersburg, Interstate 95, Interstate 85 and the surrounding Tri-Cities region. The property also benefits from its proximity to the new Petersburg casino and entertainment development, adding another major attraction and investment to the Petersburg market. Property information, square footage, income, expenses, apartment count, permitted uses, permits and certificates of occupancy should be independently verified by purchaser as part of due diligence.

MLS® Number2624166

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1880

Basement

Driveway

Garage Spaces

HeatElectric, Floor Furnace, Natural Gas

A/CCentral Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Sep 4, 2026List Date

$1,450,000List Price

Commute

Commute

Starting Address

Destination Address

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