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    1615 Virginia Ave Martinsville, VA 24112

    For Sale
    $139,900

    Commercial - Martinsville, VA

    Lot size:
    0.71 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 7 at 7:06 am

    Property Features for 1615 Virginia Ave

    General Information

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

    Building Details

    Year built
    1953
    Floors in Building
    1
    Architectural style
    Other

    Sarver Properties (276) 647-7667

    Listing agent Richard Sarver (276) 647-7667

    Listing date Nov 14, 2025

    MLS# 145312 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

    Martinsville Commercial Property on US 220

    This 7300 sq ft commercial property, previously used as a machine shop, presents a versatile space suitable for various business needs. Located in a high-traffic area on US 220 Business, on the outskirts of Martinsville heading into Collinsville, the property offers a prime location. Situated on a 0.71-acre lot in Henry County, it provides an opportunity to own commercial space in a well-traveled area. The property is located in Martinsville, Virginia, with the postal code 24112.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Seidle Motorsports Auto Repair Shop

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy Auto Repair Shop Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville
    State
    Virginia
    Longitude
    -79.9057648
    Latitude
    36.7019651

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    FAQs

    What type of property is this?
    Industrial property - 7300 sq ft commercial space on heavily traveled US 220.
    Where is this industrial property located?
    The property is located at 1615 Virginia Ave Martinsville, VA.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: - Prime location on highly traveled US 220 business corridor.; - Large 7300 sq ft space offers a blank canvas for customization.; - Priced below tax value.
    (276) 647-7667
    Request Owner's contact information
    1615 Virginia Ave 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
    1615 Virginia Ave Martinsville, VA 24112
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