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Industrial Land with River Frontage
For Sale
$1,700,000

1000 Irvine Farm Road, Covington, VA 24426

Commercial Sale, Covington, VA

Property SizeContact for details
Lot Size68.50 Acres
Days on Market273

Property Features for 1000 Irvine Farm Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning M-1, Industrial
View River
Directions Exit 21 off Interstate 64 at Low Moor to end of State Route 735 (Irvine Farm Road).
Subdivision 2700 - Alleghany County
Standard status Active
APN 04300-00-000-0100
Lot size 68.50 Acres

Taxes and HOA fees

Tax Description The Irvine Farm with 68.50 Acres as shown on attached survey by Greg Vess, Surveyor.
Tax Annual Amount 1043
Legal Description The Irvine Farm with 68.50 Acres as shown on attached survey by Greg Vess, Surveyor.

Utilities

Water source Public
Water front features Waterfront
Water front 1

Building Details

Year built 1820
Floors in Building 2
Building materials Vinyl Siding
Listing Agency: CHARLTON ASSOCIATES
Listed By: PAT CHARLTON · License #0225107958
Added: Jan 7 Changed: Sep 13 Last Checked: Oct 7 at 9:06AM
MLS# 923760

Copyright © 2026 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 68.50-acre industrial land tract occupies a mostly open setting within a horseshoe bend of the Jackson River. Interstate 64 forms the entire southern boundary, while access is provided from the end of Irvine Farm Road (State Route 735). The property carries M-1, Industrial zoning and has most public utilities on site or nearby. Waterfront features and mountain views are among the site's physical characteristics.

Existing improvements include a historically significant two-story farmhouse dating to 1820 and a frame barn. The property is approximately one mile from the Exit 21 Low Moor interchange and is located in Alleghany County between Covington and Clifton Forge. Nearby facilities named in the property information include the Alleghany County Governmental Complex, LewisGale Hospital Alleghany, Love's Travel Center, Mountain Gateway Community College, and Mountain View Elementary School. A new survey plat and additional property details are available upon request.

Key Highlights

  • 68.50 acres of industrial land
  • M‑1, Industrial zoning
  • Interstate 64 forms the entire southern boundary

Property Analytics

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Current Use

Commercial land

Lease Details

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1
Businesses Nearby

Demographics for 24426, VA

13,695
Population
7,249
Households
1.9
Avg Household Size
47
Median Age
13%
College-Educated
91%
High-School Grad
363.7 sq mi
ZIP Area
38
Density / Sq Mi
$51,841
Median Household Income
$34,937
Median Earnings
$808
Median Rent
$113,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial land - M-1 industrial zoning, Interstate 64 exposure, and public utilities on site or nearby support future development planning.
Where is this industrial land located?
The property is located at 1000 Irvine Farm Road Covington, VA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 68.50 acres of industrial land; M‑1, Industrial zoning; Interstate 64 forms the entire southern boundary
More about this property
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