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    1100 Spruce Street Ext Martinsville, VA 24112

    Picture of Retail space at Spruce Street Ext 1100, Martinsville, VA
    For Sale
    $329,000

    Commercial - Martinsville, VA

    Lot size:
    0.71 Acres
    Days on Market:
    48
    Last Refresh:
    Dec 9 at 8:06 pm

    Property Features for 1100 Spruce Street Ext

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    Lot size
    0.71 Acres

    Building Details

    Year built
    1974
    Floors in Building
    1
    Architectural style
    Other

    Sarver Properties (276) 647-7667

    Listing agent Kellie Manning (276) 647-7667

    Listing date Oct 23, 2025

    MLS# 145231 Listing URL

    Copyright © 2025 Martinsville, Henry, Patrick Counties 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.

    Overview

    Retail Investment Opportunity, Martinsville, VA

    This commercial property in Martinsville, VA, presents an investment opportunity in a high-traffic location. The property, situated on a 0.71-acre lot, already has a tenant, offering immediate income potential. Information regarding the property was taken from tax assessment and/or seller records. The property is located at 1100 Spruce Street, Martinsville, VA 24112.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville
    State
    Virginia
    Longitude
    -79.844748
    Latitude
    36.675049

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    FAQs

    What type of property is this?
    Retail space - High-traffic retail property with existing tenant for immediate income.
    Where is this retail space located?
    The property is located at 1100 Spruce Street Ext Martinsville, VA.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: - Tenant in place providing immediate income.; - Excellent investment opportunity.; - Prime high-traffic location.
    (276) 647-7667
    Request Owner's contact information
    1100 Spruce Street Ext Martinsville, VA 24112
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    Martinsville, VA 24112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1100 Spruce Street Ext Martinsville, VA 24112
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