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1420 Virginia Ave 5,369 SF 100% Leased Office Building Martinsville, VA 24112 $229,000 ($42.65/SF)
Executive Summary
Turn-key Commercial Opportunity in Martinsville! Located at 1420 Virginia Avenue: Versatile property currently operates as a Restaurant, Event Center & Ice Cream Shop, offering multiple income possibilities! Welcoming Dining Area, Commercial Kitchen, & Flexible Event space ideal for Weddings, Parties, Corporate Gatherings & Community Events. Ice Cream Shop adds additional foot traffic & Seasonal appeal. Positioned on a well-traveled corridor with Excellent Visibility and Accessibility: Perfect for Restaurateurs, Investors, or Entrepreneurs seeking a Dynamic Hospitality or Entertainment Venue! {Shown by Appointment Only}
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,369 SF
Building Class
C
Year Built/Renovated
1955/2020
Price
$229,000
Price Per SF
$42.65
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
5,369 SF
Building FAR
0.12
Lot Size
1.00 AC
Zoning
B1
Parking
30 Spaces (1.86 Spaces per 1,000 SF Leased)
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 600333000 | Improvements Assessment | $34,000 |
| Land Assessment | $65,000 | Total Assessment | $99,000 |
Property Taxes
Parcel Number
600333000
Land Assessment
$65,000
Improvements Assessment
$34,000
Total Assessment
$99,000
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1420 Virginia Ave
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