Tweed Sutherland First National sold two properties in Bendigo's central business district by auction on Friday.
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Auctions are permitted under stage three COVID-19 restrictions, with a small crowd of interested onlookers in attendance.
Tweed Sutherland's commercial industrial manager Tom Harrop said the co-listed properties were passed in at auction, but an agreement was reached between the vendor and buyer on Friday afternoon.
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"The properties sold for in excess of $900,000," Mr Harrop said.
"They had been on the market for roughly six months and a decision was made about eight weeks ago to go to auction."
Mr Harrop said commercial sales are often passed in at auction and sell within 24 hours.
The site at 119 Queen Street is zoned for commercial use and is nestled between Bendigo's sought after business and residential precinct.
The existing classic red brick residence features four bedrooms, two living rooms, kitchen and three bathrooms.
A second site at 86 King Street features seven rooms and is currently in poor condition and could be a site of future development.
The Real Estate Institute of Victoria has criticised the extension of the state government's Commercial Tenancy Relief scheme, which pauses commercial tenancy evictions and freezes rent increases.
The scheme also requires landlords to offer rent relief, taking into account a tenant's reduced turnover due to COVID-19.
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The REIV said the extension is likely to see a large number of small and medium sized property owners financially ruined.
The state government recently extended its rental evictions moratorium until December 31.
Treasurer Tim Pallas said support would be offered to residential and commercial landlords, including further land tax discounts from 25 per cent to 50 per cent.
REIV president Leah Calnan said many agents are reporting tenants who refuse to pay their rent in full, or at all.
"Basically it is a free-for-all," Ms Calnan said.
"The moratorium was supposed to support those in financial hardship as a result of COVID-19, not create greater hardship for property owners."
"We have many accounts of tenants owing thousands of dollars where this money is unlikely to be recovered."
