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    Pennington Gap, VA

    Pennington Gap, VA Commercial Real Estate for Sale

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    Saint Charles, VA Dryden, VA Jonesville, VA Keokee, VA Blackwater, VA Duffield, VA Kyles Ford, TN Eidson, TN
    Mixed-Use Property with Apartment
    Updated: Jul 10, 2025
    Mixed-Use Property with Apartment

    5239 Us Hwy 421, Pennington Gap, VA 24277

    $120,000
    2,000 sqft 0.50 AC lot
    2,000‑square‑foot mixed‑use building on a 0.5‑acre lot
    Upper‑level 2‑bedroom, 1‑bath apartment with updated electrical
    Apartment is separately metered from the lower level
    Two garage bays, each with a large rear storage room
    Secondary water and sewer hookups included
    View details
    Commercial Land with Creek Boundary
    Updated: Aug 13, 2024
    Commercial Land with Creek Boundary

    8426 Highway 421, Pennington Gap, VA 24277

    $55,000
    21,780 sqft
    21,780‑square‑foot commercial land parcel
    City water and septic located on site
    Road frontage along US 421
    Rear boundary borders Straight Creek
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 2 Active listings in Pennington Gap, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 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.

    Operating Veterinary Medical Center
    Operating Veterinary Medical Center

    117 Ed Hines Drive, Jonesville, VA 24263

    $1,400,000
    9,787 sqft 1.95 AC lot

    Established veterinary facility with clinical, grooming, boarding, administrative, and large-animal treatment areas.

    View details
    LAND - Blackwater, VA
    LAND - Blackwater, VA

    3885 Hickory Hill Road, Blackwater, VA 24221

    $775,000
    190.64 AC lot

    Agricultural land / Farmland · 190.64 Acres

    View details
    Land
    Land

    3885 Hickory Hill Rd, Blackwater, VA 24221

    $775,000

    Residential land & home lots

    View details
    Rolling Agricultural Land
    Rolling Agricultural Land

    Sulphur Springs Road, Jonesville, VA 24263

    $80,000
    46.08 AC lot

    Rolling agricultural acreage with roadway power, a roadside spring, and two previously cut access roads.

    View details

    Off-Market Properties in Pennington Gap, VA

    Consider similar Off-Market properties in Pennington Gap, 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.

    42485 Morgan Ave
    COMMERCIAL (GENERAL)

    42485 Morgan Ave, Pennington Gap, VA 24277-2257

    $55,000
    Estimated value
    0.63 AC lot
    View details
    42328 Morgan Ave
    COMMERCIAL (GENERAL)

    42328 Morgan Ave, Pennington Gap, VA 24277-2255

    $315,000
    Estimated value
    2.00 AC lot
    View details
    41780 Morgan Ave
    COMMERCIAL (GENERAL)

    41780 Morgan Ave, Pennington Gap, VA 24277-3212

    $195,000
    Estimated value
    0.21 AC lot
    View details
    41610 Morgan Ave
    COMMERCIAL (GENERAL)

    41610 Morgan Ave, Pennington Gap, VA 24277-5000

    $350,000
    Estimated value
    View details
    Pennington Gap, VA 24277
    VACANT COMMERCIAL LAND

    Pennington Gap, VA 24277

    Value Estimation by Request
    31.25 AC lot
    View details
    38033 Veterans Memorial Hwy
    VACANT COMMERCIAL LAND

    38033 Veterans Memorial Hwy, Pennington Gap, VA 24277-8345

    $170,000
    Estimated value
    0.30 AC lot
    View details
    Pennington Gap, VA 24277
    VACANT COMMERCIAL LAND

    Pennington Gap, VA 24277

    $65,000
    Estimated value
    0.91 AC lot
    View details
    Pennington Gap, VA 24277
    VACANT COMMERCIAL LAND

    Pennington Gap, VA 24277

    $490,000
    Estimated value
    View details
    Pennington Gap, VA 24277
    COMMERCIAL (GENERAL)

    Pennington Gap, VA 24277

    $85,000
    Estimated value
    70.00 AC lot
    View details
    Pennington Gap, VA 24277
    COMMERCIAL (GENERAL)

    Pennington Gap, VA 24277

    $85,000
    Estimated value
    72.60 AC lot
    View details
    Pennington Gap, VA 24277
    COMMERCIAL (GENERAL)

    Pennington Gap, VA 24277

    $85,000
    Estimated value
    82.00 AC lot
    View details
    Pennington Gap, VA 24277
    COMMERCIAL (GENERAL)

    Pennington Gap, VA 24277

    $90,000
    Estimated value
    24.20 AC lot
    View details
    Pennington Gap, VA 24277
    COMMERCIAL (GENERAL)

    Pennington Gap, VA 24277

    $90,000
    Estimated value
    97.00 AC lot
    View details
    Pennington Gap, VA 24277
    COMMERCIAL (GENERAL)

    Pennington Gap, VA 24277

    $90,000
    Estimated value
    20.00 AC lot
    View details
    Pennington Gap, VA 24277
    COMMERCIAL (GENERAL)

    Pennington Gap, VA 24277

    $60,000
    Estimated value
    246.00 AC lot
    View details
    Pennington Gap, VA 24277
    COMMERCIAL (GENERAL)

    Pennington Gap, VA 24277

    $80,000
    Estimated value
    85.31 AC lot
    View details
    Pennington Gap, VA 24277
    COMMERCIAL (GENERAL)

    Pennington Gap, VA 24277

    $85,000
    Estimated value
    26.25 AC lot
    View details
    Pennington Gap, VA 24277
    VACANT COMMERCIAL LAND

    Pennington Gap, VA 24277

    $275,000
    Estimated value
    38.00 AC lot
    View details
    112 L And N Ave
    COMMERCIAL (GENERAL)

    112 L And N Ave, Pennington Gap, VA 24277

    $55,000
    Estimated value
    View details
    145 Dollar Dr
    COMMERCIAL (GENERAL)

    145 Dollar Dr, Pennington Gap, VA 24277-7230

    $140,000
    Estimated value
    0.64 AC lot
    View details
    8426 Us Hwy 421
    RESTAURANT

    8426 Us Hwy 421, Pennington Gap, VA 24277-7037

    Value Estimation by Request
    View details
    42840 Wilderness Rd
    COMMERCIAL (GENERAL)

    42840 Wilderness Rd, Pennington Gap, VA 24277-7655

    $1,950,000
    Estimated value
    2.36 AC lot
    View details

    Pennington Gap, VA Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Pennington Gap, VA on our real estate platform. These investment opportunities span a total of 23,780 square feet of properties for sale, with an estimated market value of $175,000.

    Sale prices for business properties in Pennington Gap, VA start at $55,000, averaging $87,500, and reaching up to $120,000 — 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 6,379
    Population Growth (5Y) -6.9%
    Median Household Income $33,102
    College Educated 11.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    24277 $87.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.09%
    Tax Rate vs County Average 0.24 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lee County

    New Delisted

    Total CRE Inventory on Market (SF)

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