Ad #6568246
MLS #2624166
Petersburg Civic Center - Unique Mixed-Use Investment
136 River St, Petersburg, VA 23803
$1,450,000
--Beds
--Baths
--Sqft
1.5Acres
About this property
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.
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1880
1.5 Acres
2 Stories
Siding: Brick
Electric (Heating), Natural Gas
Petersburg County
Additional Photos
Contact Information
John Brockwell
Weichert Realtors Brockwell and Portwood
804-691-9490
Location
Listing Agent: John Brockwell (License #: 0225101621) 804-691-9490
Broker: Weichert Realtors Brockwell and Portwood 804-518-0500 Listing Site
Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Weichert Realtors Brockwell and Portwood 804-518-0500 Listing Site
Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BarrierFreeHome.com
Printed Sep 7, 2026
Photo Gallery
$1,450,000
--
Beds
--
Baths
--
Sqft
136 River St, Petersburg, VA 23803
By contacting this agent you agree to these Terms and Conditions.
MLS# 2624166
$1,450,000
136 River St, Petersburg, VA 23803
--
Beds
--
Baths
--
Sqft
1.5
Acres
$1,450,000
136 River St, Petersburg, VA 23803
-- Beds
-- Baths
-- Sqft
1.5 Acres
Accessibility Features
Accessible Approach with Ramp
Petersburg Civic Center - Unique Mixed-Use Investment
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.
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1880
1.5 Acres
2 Stories
EXTERIOR
Siding: Brick
INTERIOR
Electric (Heating), Natural Gas
FINANCIAL & COMMUNITY
Petersburg County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
6568246
Viewed
9 times
Listing Status
Active
Added
Sep 05, 2026
Last Refreshed
Sep 07, 2026 07:35:34 PM
Listing Information
Data Source
Central Virginia Regional Multiple Listing Service
Source Property ID
2624166
Listing Agent: John Brockwell (License #: 0225101621) 804-691-9490
Broker: Weichert Realtors Brockwell and Portwood 804-518-0500 Listing Site
Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Weichert Realtors Brockwell and Portwood 804-518-0500 Listing Site
Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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