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Covington, VA Banks for Sale

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Hot Springs, VA Low Moor, VA Eagle Rock, VA Clifton Forge, VA White Sulphur Springs, WV Caldwell, WV Lewisburg, WV Warm Springs, VA
Atlantic Union Bank Branch
Updated: Aug 5
Atlantic Union Bank Branch

450 W MAIN ST, Covington, VA 24426

Contact for pricing
10,234 sqft
10,234‑square‑foot bank building constructed in 1979
NNN lease extends through September 2040 with approximately 14 years remaining
1.50% annual rent escalations during the primary lease term
Two 5‑year renewal options include 2.00% annual rent increases
Corporate guarantee from Atlantic Union Bankshares Corporation
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1 active listing matches your search: Bank for sale in Covington, VA. Based on your search, we've also compiled 13 Potential Opportunities for your consideration: 4 properties in nearby cities and 9 off-market properties to explore as potential leads.

Opportunities in Nearby Cities

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

Bank Building with Drive-Through
Bank Building with Drive-Through

5192 Lee Hwy, Troutville, VA 24175

$359,000
0.45 AC lot

B2-zoned property offers an open customer area, private offices, and paved on-site parking.

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Office Suite with Drive-Through
Office Suite with Drive-Through

2857 STUARTS DRAFT HWY #143, Stuarts Draft, VA 24477

Contact for pricing
1,800 sqft

A former bank layout provides private offices, a teller area, a walk-in safe, and two bathrooms.

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Single-Tenant Net Leased Bank Building
Single-Tenant Net Leased Bank Building

125 West Main Street, Bedford, VA 24523

Contact for pricing
2,795 sqft

Single-tenant NNN bank property with a long-term lease through September 2040 and zero landlord responsibilities.

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Renovated Bank Space with Drive-Through
Renovated Bank Space with Drive-Through

2857 STUARTS DRAFT HWY #143, 143, Stuarts Draft, VA 24477

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1,800 sqft

Renovated interior includes offices, teller area, walk-in safe, and two bathrooms.

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Off-Market Properties in Covington, VA

Consider similar Off-Market properties in Covington, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

307 Thacker Ave
FINANCIAL BUILDING

307 Thacker Ave, Covington, VA 24426-2264

Estimated value:
$340,000
7,420 sqft 0.98 AC lot
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116 Riverside St
FINANCIAL BUILDING

116 Riverside St, Covington, VA 24426-1242

Estimated value:
$255,000
6,800 sqft 0.52 AC lot
View details
Riverside St
FINANCIAL BUILDING

Riverside St, Covington, VA 24426

Estimated value: by Request
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Riverside St
FINANCIAL BUILDING

Riverside St, Covington, VA 24426

Estimated value:
$255,000
2,272 sqft 0.34 AC lot
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Main St
FINANCIAL BUILDING

Main St, Covington, VA 24426

Estimated value:
$210,000
0.22 AC lot
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450 Main St
FINANCIAL BUILDING

450 Main St, Covington, VA 24426-1554

Estimated value:
$720,000
20,016 sqft 1.01 AC lot
View details
1201 Craig Ave
FINANCIAL BUILDING

1201 Craig Ave, Covington, VA 24426-2237

Estimated value:
$225,000
3,116 sqft 0.35 AC lot
View details
347 Ct Ave
FINANCIAL BUILDING

347 Ct Ave, Covington, VA 24426-1203

Estimated value:
$240,000
5,836 sqft 0.26 AC lot
View details
151 Ct Ave
FINANCIAL BUILDING

151 Ct Ave, Covington, VA 24426-1533

Estimated value:
$245,000
3,594 sqft 0.55 AC lot
View details

Covington, VA Banks Market Trends and Statistics

Explore 10 banks for sale in Covington, VA on our real estate platform. These investment opportunities span a total of 10,234 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Automotive properties 1
Banks 1
Grocery and convenience stores 1
Shopping centers 1
Showrooms 1

Demographics Overview

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

Taxes & Financing

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

Total CRE Inventory on Market (SF)

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