Martinsville, VA
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    Martinsville, VA Conventional Restaurants for Sale

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    Collinsville, VA Ridgeway, VA Fieldale, VA
    Turn-Key Restaurant and Event Space
    $225,000
    3,935 SF
    Turn-Key Restaurant and Event Space

    1420 Virginia Avenue, Martinsville, VA 24112

    Turn-key hospitality property with a dining area, commercial kitchen, and flexible event space in Martinsville.
    • 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.
    Updated: Mar 18
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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.

    Mayodan Commercial Property with Potential
    $219,500
    3,472 SF
    Mayodan Commercial Property with Potential

    3.29 acres with commercial zoning and multiple income streams.

    854 NC Highway 770, Mayodan, NC 27027

    View details
    Mixed-Use Income Property
    $519,000
    9,442 SF
    Mixed-Use Income Property

    Eight income units combine street-level retail leases with occupied apartments, plus storage space and gravel parking.

    207-213 W Main Street, Mayodan, NC 27027

    View details
    NNN-Leased Arby's Restaurant
    $2,251,652
    2,820 SF
    NNN-Leased Arby's Restaurant

    Absolute NNN lease with a corporate-guaranteed tenant provides long-term income backed by scheduled rent growth.

    1401 Jamison Ave SE, Roanoke, VA 24013

    View details
    Iconic Roadhouse Restaurant For Sale
    $1,575,000
    3,912 SF
    Iconic Roadhouse Restaurant For Sale

    Historic roadhouse restaurant with established reputation for food and music.

    2902 Brambleton Ave SW, Roanoke, VA 24015

    View details

    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 $225,000.

    Sale prices for conventional restaurants in Martinsville, VA start at $225,000, averaging $225,000, and reaching up to $225,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Drive through restaurants 2
    Conventional 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 $229K

    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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