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    116-122 N Independence Ave Independence, VA 24348

    For Sale
    $79,000

    COMMERCIAL - Independence, VA

    Property size:
    1,500 SF
    Days on Market:
    261
    Last Refresh:
    Dec 6 at 7:06 pm

    Property Features for 116-122 N Independence Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Parking
    1
    Interior features
    Storage, Public Restrooms
    Size
    1,500 SF

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Water source
    Public

    Building Details

    Year built
    1904
    Floors in Building
    2
    Flooring type
    Vinyl, Carpet
    Building materials
    Brick, Masonry
    Additional Structures
    Storage, None

    Curtis G. Harrington (276) 773-3632 [email protected]

    Listing agent Curtis Harrington (276) 233-8633

    Listing date Mar 21, 2025

    Copyright © 2025 Southwest Virginia 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

    Commercial Property Near Historic Courthouse

    This commercial property, zoned for commercial use, offers a prime location with excellent visibility directly across from the historic 1908 Courthouse. Each of the three buildings/offices measures approximately 33x15 square feet. The property features town water and sewer services, a sidewalk, and a poured basement foundation. The exterior walls are constructed of brick masonry, and the roof is a membrane system. Double-hung insulated windows are installed throughout. Each building includes office space, conference rooms, a kitchen area, and bathrooms. The layout is intended to provide the basic services of a professional office building. Additional square footage is available on the second floor, but it requires repairs.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Grayson
    State
    Virginia
    Longitude
    -81.1519
    Latitude
    36.620979

    FAQs

    What type of property is this?
    Office building - Commercial property with office space, conference rooms, and kitchen area.
    Where is this office building located?
    The property is located at 116-122 N Independence Ave Independence, VA.
    What is the asking price?
    The asking price for this property is $79,000.
    What are key features of this property?
    This property features: - Prime commercial location directly across from the Historical 1908 Courthouse with excellent visibility.; - Zoned Commercial with three buildings/offices, each approximately 33x15 sq. ft.; - Each building includes office space, conference rooms, a kitchen area, and bathrooms.
    (276) 233-8633
    Request Owner's contact information
    116-122 N Independence Ave Independence, VA 24348
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    Independence, VA 24348
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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
    116-122 N Independence Ave Independence, VA 24348
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