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Julie Smart Koob
REALTOR®, GRI
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124 W Bank Street, Petersburg, VA 23803

$389,000
  • 124 W Bank Street, Petersburg, VA 23803 Main Photo

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Julie Smart Koob
Call: (804) 836-6874

New to the Market Active
MLS#2606021
STATUSActive PROPERTY TYPECommercial - Business

Property 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.

Property Features

Property Type: Commercial - Business
Cooling: Central Air
Heating: Electric, Zoned
Lot Size: 0.07 Acres
Roof Type: Built-Up, Rubber
Stories: 3.0
Year Built: 1820

Feature Descriptions

Building Features: Multi-Tenant, No Elevators
Exterior: Brick
Fencing: None
Lot: Conservation Area, Level
Lot Dimensions: 34x89
Parcel#: 011-230004
Sewer: Public Sewer
Topography: Level
Water: Public

Listed By / Shown By

Listed By

Agency Name: KW Metro Center
Agency Contact: 804 750 6295

Shown By

Agent Name: Julie Smart Koob
Agent Phone: (804) 836-6874
Agency Title: Napier Realtors ERA

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Listed By: KW Metro Center

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/12/2026. The listing information on this page last changed on 03/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 03/12/2026 4:55:43 PM EST) or CAAR MLS (last updated Thu 03/12/2026 6:37:16 AM EST) or CVRMLS (last updated Thu 03/12/2026 4:54:13 PM EST) or Williamsburg MLS (last updated Thu 03/12/2026 2:55:03 PM EST) or NNAR MLS (last updated Thu 03/12/2026 4:27:20 PM EST) or Chesapeake Bay & Rivers (last updated Thu 03/12/2026 4:50:33 PM EST). Real estate listings held by brokerage firms other than Napier Realtors ERA may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.



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These real estate listings were derived from the Central Virginia Regional Multiple Listing Service, LLC, of which this brokerage is an independently owned Participant. The information contained in these listings is deemed reliable but is not guaranteed. All MLS listings are © 2026 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved. No one may copy and/or repost these MLS listings, or any portion thereof, without the written permission of an authorized officer of the Central Virginia Regional Multiple Listing Service, LLC. These listings are refreshed within a minimum of every seven calendar days. Thus, listings may appear here for properties no longer on the market. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing or leasing.



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