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    Covington, VA
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    Covington, VA Auto Shops for Sale

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    Low Moor, VA Clifton Forge, VA Eagle Rock, VA
    Two-Building Commercial Conversion Opportunity
    $229,999
    0.54 Acres
    Two-Building Commercial Conversion Opportunity

    803 S Lexington Ave, Covington, VA 24426

    Two commercial buildings in an M1-zoned area, offering flexible space for automotive use and potential upper-level conversion.
    • Two commercial buildings (brick construction) with potential for conversion to a mechanic’s shop, apartments, or additional office space
    • Heat pump heating and heat pump cooling
    • Roof is shingle
    • Built in 1932
    • Public water and public sewer
    Updated: Aug 23, 2024
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Covington, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Net Leased Auto Parts Retail
    $1,996,482
    11,541 SF
    Net Leased Auto Parts Retail

    Single-tenant net lease with O’Reilly Auto Parts under a new 10-year term along Old Forest Road.

    3112 Old Forest Road, Lynchburg, VA 24501

    View details
    Lynchburg Auto Dealership on 23 Acres
    $3,400,000
    27,411 SF
    Lynchburg Auto Dealership on 23 Acres

    27,411 SF auto dealership on 22.84 acres for sale.

    1873 South Amherst Highway, Amherst, VA 24521

    View details
    Corner Lot Automotive & Mixed-Use Property
    $1,500,000
    32,544 SF
    Corner Lot Automotive & Mixed-Use Property

    Leased apartments and a garage workshop with multiple car lifts support flexible uses on a corner lot with long street frontage.

    811 5th St, Lynchburg, VA 24504

    View details
    Three-Bay Garage with Office Space
    $215,000
    1,935 SF
    Three-Bay Garage with Office Space

    Three-bay garage with office and potential studio apartment.

    1966 N Amherst Highway, Amherst, VA 24521

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Parcels Adjacent to Home Depot
    Contact for pricing
    2.30 Acres
    Land Parcels Adjacent to Home Depot

    Parcels near Home Depot suitable for retail and hospitality.

    3217 Hershberger Rd. |, Roanoke, VA 24017

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    Prime Commercial Property on Highway
    $1,500,000
    1,000 SF
    Prime Commercial Property on Highway

    8.51 AC commercial property with highway frontage near Tazewell.

    19632 Gov G C Perry Highway, Tazewell, VA 24651

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    Corner Commercial Land in Parkersburg
    $250,000
    0.52 Acres
    Corner Commercial Land in Parkersburg

    High-traffic corner lot with frontage on 7th Street and Staunton.

    1012 7th Street, Parkersburg, WV 26101

    View details
    Prime Commercial Land on Plank Road
    $1,100,000
    1.12 Acres
    Prime Commercial Land on Plank Road

    1.12-acre C-2 zoned land in a high-traffic Fredericksburg corridor.

    3910 PLANK Road, Fredericksburg, VA 22407

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    Covington, VA Auto Shops Market Trends and Statistics

    Explore 1 auto shops for sale in Covington, VA on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $229,999.

    Sale prices for auto repair shops in Covington, VA start at $229,999, averaging $229,999, and reaching up to $229,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Auto shops 1
    Car washes 1

    Demographics Overview

    Population 14K
    Population Growth (5Y) +0.2%
    Median Household Income $51,841
    College Educated 18.2%

    High-Yield Neighborhoods for Investment

    Identify Covington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    24426 $230K

    Taxes & Financing

    Tax Rate (average for all types) 0.85%
    Property Tax per SF $5.55 per SF
    Average Loan-to-Value 65.0%

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