Conventional Restaurant

Martinsville, VA Conventional Restaurants for Sale

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Collinsville, VA Ridgeway, VA Fieldale, VA Stanleytown, VA Bassett, VA Spencer, VA Axton, VA Oaklevel, VA
Restaurant Event Venue With Kitchen
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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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Martinsville, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Restaurant with Walk-In Freezer
Restaurant with Walk-In Freezer

2914 Virginia Avenue, Collinsville, VA 24078

$350,000
2,172 sqft 0.39 AC lot

Restaurant space with a walk-in freezer, kitchen hoods and sinks, plus a main dining room seating 40 to 60.

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Freestanding Restaurant with Fireplace
Freestanding Restaurant with Fireplace

4730 Scruggs Rd, Moneta, VA 24121

$799,999
1.24 AC lot

Freestanding restaurant with a functional kitchen, stainless-steel equipment, and a main dining area fireplace.

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Bar and Lounge Space with Year Lease
Bar and Lounge Space with Year Lease

2089 Virginia Avenue, Collinsville, VA 24078

$499,900
3,410 sqft 0.29 AC lot

Bar and lounge space on a small site with two bathrooms, offered with a year lease in a high-visibility area.

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Marina with Waterfront Access
Marina with Waterfront Access

3619 Airport Rd, Moneta, VA 24121

$3,400,000
1.00 AC lot

Marina on Smith Mountain Lake with a new on-site building, fueling, and docking for 50 slips.

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Martinsville, VA Conventional Restaurants Market Trends and Statistics

Explore 1 conventional restaurants for sale in Martinsville, VA on our real estate platform. These investment opportunities span a total of 3,935 square feet of properties for sale, with an estimated market value of $199,900.

Sale prices for conventional restaurants in Martinsville, VA average $199,900 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Commercial kitchens 1
Conventional restaurants 1
Drive through restaurants 1

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
24112 $199.9K

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

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