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Ad #6568246
MLS #2624166
Listing photo

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

Additional listing photo 1
Additional listing photo 2
Additional listing photo 3
Additional listing photo 4

Contact Information

John Brockwell

Weichert Realtors Brockwell and Portwood

804-691-9490

Location

Map
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.
BarrierFreeHome.com
Printed Sep 7, 2026

Photo Gallery

Petersburg Civic Center - Unique Mixed-Use Investment - photo 1
Petersburg Civic Center - Unique Mixed-Use Investment - photo 2
Petersburg Civic Center - Unique Mixed-Use Investment - photo 3
Petersburg Civic Center - Unique Mixed-Use Investment - photo 4
Petersburg Civic Center - Unique Mixed-Use Investment - photo 5
Petersburg Civic Center - Unique Mixed-Use Investment - photo 6
Petersburg Civic Center - Unique Mixed-Use Investment - photo 7
Petersburg Civic Center - Unique Mixed-Use Investment - photo 8
Petersburg Civic Center - Unique Mixed-Use Investment - photo 9

$1,450,000

--
Beds
--
Baths
--
Sqft

136 River St, Petersburg, VA 23803

By contacting this agent you agree to these Terms and Conditions.
Home Virginia Petersburg
Petersburg Civic Center - Unique Mixed-Use Investment - photo 1
Petersburg Civic Center - Unique Mixed-Use Investment - photo 2
Petersburg Civic Center - Unique Mixed-Use Investment - photo 3
Petersburg Civic Center - Unique Mixed-Use Investment - photo 4
Petersburg Civic Center - Unique Mixed-Use Investment - photo 5
MLS# 2624166
Commercial For Sale
$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

Map
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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.

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By proceeding, you authorize Dream Home Network Inc., its service providers (including real estate professionals such as Brokers, Listing Agents, Buyers Agents, and local referral partners), its affiliates, and other real estate professionals that may not be associated with Dream Home Network, to contact you using the contact details you provided, via email, phone call, and text (SMS), including using automated dialing technology and prerecorded and artificial voice, for marketing or advertising purposes, including contacting you about your inquiry and other home-related matters. You understand that your consent to the foregoing is not a condition of any purchase. Message and data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list. Dream Home Network Inc. may share information about your recent and future site activity with its affiliates and service providers (including real estate professionals such as Brokers, Listing Agents, Buyers Agents, and local referral partners) to help them better understand what you are looking for in a property. To opt-out at any time you can reply "STOP" or contact Dream Home Network Inc. at csv@dreamhomenetwork.com.
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Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
SERVICES
Buy Buy Advertise
COMPANY
Testimonials About Us Office Locations
SUPPORT
Help Contact Us
ADDITIONAL MARKETS
LakeHouse.com MountainHomes.com BeachHouse.com GolfHomes.com
SUBSCRIBE
Receive notifications for new listings
Subscribe
Facebook YouTube

Dream Home Network Inc.

is committed to ensuring digital accessibility and property listings for individuals with disabilities. All information provided is deemed reliable but is not guaranteed and should be independently verified. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please let us know.

Dream Home Network Inc. Sells leads to DHN Realty Inc. who holds real estate brokerage licenses in Alabama. Listing agents will be sent notification copy of leads on their listings where Dream Home Network Inc. is provided listings via our Feed Provider as required.

© 1997 - 2026 Wheelchair-accessible Housing & Universal Design Homes at Barrier Free Home
Part of Dream Home Network, Inc.
Last updated on 2026.09.07
Terms & Policy