Martinsville, VA Commercial Real Estate for Sale

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

34 properties

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Updated: Sep 11

Warehouse with Dock Loading

821 Brookdale Street, Martinsville, VA 24112

$400,000

45,907 sqft 1.97 AC lot

45,907 square feet of warehouse space
1.971‑acre property in Martinsville
Multiple dock doors provide direct building access for loading and unloading
Block‑and‑brick construction dates to 1950
Concrete floors extend throughout the facility

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Updated: Jul 15

Renovated Mixed-Use Property

813 Brookdale Street, Martinsville, VA 24112

$189,900

980 sqft 0.17 AC lot

980 square feet of mixed‑use property
Residential main floor with commercial lower level
12 x 25 garage and storage space
Main floor fully rebuilt
Updated plumbing, electrical, and heating systems

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Restaurant with Event Space

1420 Virginia Avenue, Martinsville, VA 24112

$199,900

3,935 sqft 0.26 AC lot

Existing dining, kitchen, and event areas support restaurant, dessert, and gathering operations.

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Freestanding Restaurant with Drive-Thru

1706 Virginia Avenue, Martinsville, VA 24112

$357,142

20,037 sqft 0.46 AC lot

Freestanding fast food restaurant with drive-thru in a retail corridor.

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Two-Level Auto Shop

1925 Old Chatham Rd, Martinsville, VA 24112

$225,000

3,260 sqft 1.14 AC lot

Established automotive facility with lifts, service doors, storage, customer areas, and a fenced outdoor lot.

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Storefront Property with Basement

29 E Main Street, Martinsville, VA 24112

$99,900

7,920 sqft 0.10 AC lot

Two-story commercial building with unfinished lower-level space and three bathrooms.

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Corner Commercial Land

A L Philpott Highway, Martinsville, VA 24112

$395,000

23.86 AC lot

B1-zoned land fronts two roads at a corner intersection.

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Martinsville, VA Gas Station Business

870 Preston Rd, Martinsville, VA 24112

$800,000

4,000 sqft

Prime Real Estate & High-Cash-Flow Business in Martinsville, VA

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Commercial Land with Road Frontage

A L Philpott Hwy, Martinsville, VA 24112

$428,500

8.57 AC lot

Level-to-rolling commercial tract with access from two roads near Martinsville and Henry County suburbs.

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Cleared Commercial Land

A L Philpott Hwy, Martinsville, VA 24112

$310,000

4.15 AC lot

Cleared commercial parcel with B-1 zoning, public water and sewer access, and connectivity to US/58.

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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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Office Units with Private Offices

15 Cleveland Avenue, Martinsville, VA 24112

$125,000

2,035 sqft 0.28 AC lot

Two connected office suites offer a reception area, meeting space, private rooms, storage, and multiple staff amenities.

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Commercial Land Near Retail

Virginia Avenue, Martinsville, VA 24112

$675,000

8.75 AC lot

The parcel is recently staked off and sits beside Friedrichs Eye Center.

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Two-Level Office Building

8 LESTER ST, Martinsville, VA 24112

Contact for pricing

13,216 sqft 0.50 AC lot

Vacant commercial building with open main-level areas, private offices, conference rooms, and a substantial parking area.

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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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Commercial Land with C-C Zoning

834 Liberty Street, Martinsville, VA 24055

$404,900

2.86 AC lot

C-C zoning supports commercial activities including offices, manufacturing, brokerage, and sales.

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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 Land with Boulevard Frontage

378 Commonwealth Blvd W, Martinsville, VA 24112

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1 sqft 1.27 AC lot

Commercial land positioned along a retail corridor with frontage on Commonwealth Boulevard.

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Historic Two-Level Office Building

20 E Main St, Martinsville, VA 24112

$250,000

Six suites support flexible occupancy with multiple private entrances and updated baths.

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Pad-Ready Commercial Land

384 Commonwealth Boulevard West, Martinsville, VA 24112

$1,000,000

Pad-ready site with public water, sewer, and electric service available for commercial development.

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Mixed-Use Property with Workshop

610 South Memorial Boulevard, Martinsville, VA 24112

Contact for pricing

3,318 sqft

Includes a garage/workshop and two apartments within a commercial mixed-use property.

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Established Shopping Center

2646 Greensboro Road, Martinsville, VA 24112

$3,750,000

Retail property built in 1987 and offered for sale.

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Improved Corner Commercial Lot

1018 E Church Street, Martinsville, VA 24112

$35,000

0.70 AC lot

Corner parcel with paved city-street frontage and utilities available for straightforward commercial development.

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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 110,932 square feet of properties for sale, with an estimated market value of $12,169,242.

Sale prices for business properties in Martinsville, VA start at $35,000, averaging $507,051, and reaching up to $3,750,000 — 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
Richmond - 23229	$160K
Martinsville - 24112	$339.5K
Bassett - 24055	$404.9K

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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