Martinsville, VA Commercial Real Estate for Sale

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Collinsville, VA Ridgeway, VA Fieldale, VA Bassett, VA Stanleytown, VA Spencer, VA Axton, VA Oaklevel, VA

34 properties

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Updated: Jul 15

Live-Work Space with Commercial Lower Level

813 Brookdale Street, Martinsville, VA 24112

$189,900

980 sqft 0.17 AC lot

1950‑built property with residential main floor plus a versatile commercial lower level
Renovations include updated plumbing, electrical, and heating systems
Main floor was fully rebuilt and the roof was recently sealed
Located in a high‑traffic area, with commercial space on the lower level
Dick & Willie Trail is just steps away in the backyard

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Updated: Mar 18

Restaurant Event Venue With Kitchen

1420 Virginia Avenue, Martinsville, VA 24112

$199,900

3,935 sqft 0.26 AC lot

Multiple Income Streams: Operates as a Restaurant, Event Center, and Ice Cream Shop.
Versatile Event Space: Ideal for Weddings, Parties, Corporate Gatherings, and Community Events.
Excellent Visibility and Accessibility: Positioned on a well‑traveled corridor.
Turn‑key Commercial Opportunity: Ready for immediate operation.
Commercial Kitchen: Equipped for restaurant use.

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Auto Shop with Multiple Garage Doors

1925 Old Chatham Rd, Martinsville, VA 24112

$225,000

3,260 sqft 1.14 AC lot

Auto shop with two functional levels, concrete on-road parking, and a fenced back lot for overflow storage.

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Medical Office Condo For Sale

15 Cleveland Avenue, Martinsville, VA 24112

$375,000

4,935 sqft

Well-maintained medical office condominium in a desirable location.

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Two-Story Retail/Office Building

29 E Main Street, Martinsville, VA 24112

$99,900

7,920 sqft 0.10 AC lot

Two-story commercial building with about 7,920 SF and an unfinished basement on a 0.1-acre site.

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Corner Commercial Land Parcel

A L Philpott Highway, Martinsville, VA 24112

$395,000

23.86 AC lot

Zoned B-1, this corner lot offers frontage on A L Philpott Highway and Daniel Rd.

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Medical Office Suite with Storage

15 Cleveland Avenue, Martinsville, VA 24112

$35,000

880 sqft 0.12 AC lot

Office suite includes a waiting area, exam rooms, and multiple storage rooms for medical or professional use.

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Redevelopment Opportunity in Martinsville

410 Starling Avenue, Martinsville, VA 23229

$160,000

1,388 sqft 0.73 AC lot

0.725 acres for redevelopment in historical corridor.

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Commercial Lot with Road Frontage

A L Philpott Hwy, Martinsville, VA 24112

$428,500

8.57 AC lot

Commercial lot with substantial road frontage on two roads and a level-to-rolling topography for flexible site planning.

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Commercial Land in Martinsville, VA

A L Philpott Hwy, Martinsville, VA 24112

$310,000

4.15 AC lot

4.147 acres of prime commercial property for sale.

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35+ Acre Development-Ready Land

17007 A L Philpott Highway, Martinsville, VA 24112

$300,000

1,539,410 sqft 35.00 AC lot

35+ acres in Horsepasture Community with Blue Ridge views.

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Commercial Development Land

Virginia Avenue, Martinsville, VA 24112

$675,000

8.75 AC lot

8.75-acre commercial parcel beside Friedrichs Eye Center, recently staked, with access along Virginia Avenue in Martinsville.

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Rehabilitation Center with Tenant

1100 Spruce Street, Martinsville, VA 24112

$329,000

1,939 sqft 0.71 AC lot

Rehabilitation center in Martinsville with a current tenant in place and a 1974 build year.

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NNN Retail Building with Long-Term Lease

25 Jack Dalton Rd, Martinsville, VA 24112

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10,744 sqft

New 2024 construction retail building offered on an absolute NNN structure with 13+ years remaining.

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Development-Ready Agricultural Land

17007 A L Philpott Hwy, Martinsville, VA 24112

$290,000

35.34 AC lot

Development-ready agricultural tract with public water meter, current perc test, and approved septic design, plus a partially graveled driveway.

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Land in Martinsville, Virginia

1016 Askin Street, Martinsville, VA 24112

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0.20 AC lot

Two parcels of land totaling approximately 0.4 acres.

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Martinsville Commercial Property for Sale

500 Nautica Way, Martinsville, VA 24112

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500,000 sqft

Large commercial property available in Martinsville, Virginia.

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Martinsville Land For Sale

1130 LOT Stephens Street, Martinsville, VA 24112

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0.77 AC lot

Land available in Martinsville, close to US 220 and HWY 58.

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New Firestone Auto Care Investment

399 W Commonwealth Blvd, Martinsville, VA 24112

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6,607 sqft 1.20 AC lot

New construction Firestone in Martinsville, VA with long-term lease.

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Commercially Zoned Development Land

834 Liberty Street, Martinsville, VA 24055

$404,900

2.86 AC lot

2.86-acre commercial C-C zoned land in Martinsville with frontage on Liberty Street and high vehicle traffic noted.

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Office Building on Large Lot

32 Bridge Street, Martinsville, VA 24112

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11,270 sqft 1.83 AC lot

Office building offering 11,270 SF on a 1.83-acre lot in Historic Uptown Martinsville.

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Freestanding One-Story Office Building

435 E Commonwealth Boulevard, Martinsville, VA 24112

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4,772 sqft 0.30 AC lot

Freestanding one-story office building on a 13,000 SF lot zoned P-2 near the medical office area.

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Former Ambulance Building For Sale

827 Starling Ave, Martinsville, VA 24112

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4,888 sqft

4888 sq ft commercial building with parking.

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Prime Commercial Land For Sale

000 Virginia Avenue, Martinsville, VA 24112

$675,000

Commercial land for shopping center between Collinsville & Martinsville.

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Martinsville, VA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Martinsville, VA, showcased through 34 active listings on our real estate platform. These investment opportunities span a total of 2,102,928 square feet of properties for sale, with an estimated market value of $5,162,100.

Sale prices for business properties in Martinsville, VA start at $35,000, averaging $286,783, and reaching up to $675,000 — 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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Demographics Overview

Population 31K

Population Growth (5Y) +4.5%

Median Household Income $47,059

College Educated 6.6%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
Bassett	$380K
Martinsville	$432.3K

Taxes & Financing

Tax Rate (average for all types) 0.64%

Property Tax per SF $11.16 per SF

Tax Rate vs County Average 0.03 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Martinsville city

New Delisted

Total CRE Inventory on Market (SF)

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