Pennington Gap, VA Commercial Real Estate for Sale

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Saint Charles, VA Jonesville, VA Dryden, VA Keokee, VA Blackwater, VA Duffield, VA Kyles Ford, TN Eidson, TN
Block Warehouse with Apartment
Updated: Jul 10, 2025
Block Warehouse with Apartment

5239 Us Hwy 421, Pennington Gap, VA 24277

$120,000
2,000 sqft 0.50 AC lot
Mixed‑use property with commercial space and a 2‑bedroom apartment
Half‑acre lot with secondary water and sewer hookups for expansion
Two spacious garage bays with rear storage rooms suitable for workshop or storage
Apartment has updated electrical and separate meter
Durable metal roof
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Pennington Gap Land For Sale
Updated: Jun 17, 2025
Pennington Gap Land For Sale

231 Vfw Trail, Pennington Gap, VA 24277

$125,000
6.61 AC lot
Over 6.5 acres combined lot size
Infrastructure is in place
Sound former VFW block structure
Public water source available
Private water source available
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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.

Mountain Recreational Land Tract
Mountain Recreational Land Tract

429-ac Fisher Valley Road, Kyles Ford, TN 37765

$1,495,000
18,687,240 sqft 429.00 AC lot

Large contiguous mountain tract with extensive woodland, open ground, interior roads/trails, and a secluded pond.

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Agricultural Land Tract
Agricultural Land Tract

3665 Fisher Valley Rd, Kyles Ford, TN 37765

$84,997

For sale agricultural land located on Fisher Valley Rd in Kyles Ford, Tennessee.

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Commercial Land Parcel
Commercial Land Parcel

468 Trade Center Lane, Jonesville, VA 24263

Contact for pricing

Commercial land parcel fronting U.S. Route 58 in the center of a regional trade area.

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Rolling Agricultural Land Tract
Rolling Agricultural Land Tract

Sulphur Springs Road, Jonesville, VA 24263

$89,900
46.08 AC lot

Agriculture-zoned acreage with power at the roadway, a spring near the road, and multiple prior access points.

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

Value Estimation by Request
0.63 AC lot
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42328 Morgan Ave
COMMERCIAL (GENERAL)

42328 Morgan Ave, Pennington Gap, VA 24277-2255

Value Estimation by Request
2.00 AC lot
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41780 Morgan Ave
COMMERCIAL (GENERAL)

41780 Morgan Ave, Pennington Gap, VA 24277-3212

Value Estimation by Request
0.21 AC lot
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41610 Morgan Ave
COMMERCIAL (GENERAL)

41610 Morgan Ave, Pennington Gap, VA 24277-5000

Value Estimation by Request
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Pennington Gap, VA 24277
VACANT COMMERCIAL LAND

Pennington Gap, VA 24277

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

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

Value Estimation by Request
0.30 AC lot
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Pennington Gap, VA 24277
VACANT COMMERCIAL LAND

Pennington Gap, VA 24277

Value Estimation by Request
0.91 AC lot
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Pennington Gap, VA 24277
VACANT COMMERCIAL LAND

Pennington Gap, VA 24277

Value Estimation by Request
View details
Pennington Gap, VA 24277
COMMERCIAL (GENERAL)

Pennington Gap, VA 24277

Value Estimation by Request
70.00 AC lot
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Pennington Gap, VA 24277
COMMERCIAL (GENERAL)

Pennington Gap, VA 24277

Value Estimation by Request
72.60 AC lot
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Pennington Gap, VA 24277
COMMERCIAL (GENERAL)

Pennington Gap, VA 24277

Value Estimation by Request
82.00 AC lot
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Pennington Gap, VA 24277
COMMERCIAL (GENERAL)

Pennington Gap, VA 24277

Value Estimation by Request
24.20 AC lot
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Pennington Gap, VA 24277
COMMERCIAL (GENERAL)

Pennington Gap, VA 24277

Value Estimation by Request
97.00 AC lot
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Pennington Gap, VA 24277
COMMERCIAL (GENERAL)

Pennington Gap, VA 24277

Value Estimation by Request
20.00 AC lot
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Pennington Gap, VA 24277
COMMERCIAL (GENERAL)

Pennington Gap, VA 24277

Value Estimation by Request
246.00 AC lot
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Pennington Gap, VA 24277
COMMERCIAL (GENERAL)

Pennington Gap, VA 24277

Value Estimation by Request
85.31 AC lot
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Pennington Gap, VA 24277
COMMERCIAL (GENERAL)

Pennington Gap, VA 24277

Value Estimation by Request
26.25 AC lot
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Pennington Gap, VA 24277
VACANT COMMERCIAL LAND

Pennington Gap, VA 24277

Value Estimation by Request
38.00 AC lot
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112 L And N Ave
COMMERCIAL (GENERAL)

112 L And N Ave, Pennington Gap, VA 24277

Value Estimation by Request
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145 Dollar Dr
COMMERCIAL (GENERAL)

145 Dollar Dr, Pennington Gap, VA 24277-7230

Value Estimation by Request
0.64 AC lot
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8426 Us Hwy 421
RESTAURANT

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

Value Estimation by Request
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42840 Wilderness Rd
COMMERCIAL (GENERAL)

42840 Wilderness Rd, Pennington Gap, VA 24277-7655

$1,865,000
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 2,000 square feet of properties for sale, with an estimated market value of $245,000.

Sale prices for business properties in Pennington Gap, VA start at $120,000, averaging $122,500, and reaching up to $125,000 — 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 $127.5K

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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