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    201 Court Ave Covington, VA 24426

    New
    For Sale
    $399,900

    Commercial/Industry - Covington, VA

    Property size:
    6,470 SF
    Lot size:
    0.13 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 11 at 3:06 am

    Property Features for 201 Court Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    Size
    6,470 SF
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating), Natural Gas
    Cooling system
    Heat Pump

    Building Details

    Year built
    1915
    Flooring type
    Carpet, Slate, Vinyl
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    Greenway's Real Estate & Auction, Inc. (540) 962-1155 [email protected]

    Listing agent Tara Simmons Brewster (540) 962-1155

    Listing date Dec 10, 2025

    MLS# 139718 Listing URL

    Copyright © 2025 Rockbridge Highlands 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

    Downtown Covington Commercial Landmark

    Located in downtown Covington, this commercial landmark offers approximately 6,400 square feet of remodeled space suitable for various uses. The property presents possibilities for a restaurant, office space, reception or meeting space, an apartment, or a brewery. A new 20-year warranty roof and new gutters have been installed. The exterior brick has been stripped and refaced. The commercial kitchen space is equipped with a working hood, instant gas hot water, and a new water line from the street. Multiple gas boilers provide central heat and air. The property includes a one-bedroom apartment with new plumbing, new electric (150 amp), and a gas furnace. It has its own entrance on Court Avenue and electric hot water. Parking is readily available within steps of the front door. The property is situated on a lot of approximately 0.13 acres and is located on the busiest corner in downtown Covington.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Similar Places Nearby

    Covington Catering Company

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Covington
    State
    Virginia
    Longitude
    -79.994943
    Latitude
    37.791808

    Nearby Similar for Sale

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      0.54 Acres

      Covington Commercial Investment Opportunity

      Two commercial buildings with potential for multiple uses in Covington.
      803 S Lexington Ave, Covington, VA 24426
      View Details
    • $325,000
      3,743 SF

      Downtown Covington Commercial Investment Property

      Commercial property in downtown Covington, Virginia, with investment potential.
      228 N Maple Ave, Covington, VA 24426
      View Details

    FAQs

    What type of property is this?
    Restaurant - Remodeled 6,400 sq ft commercial space with endless possibilities.
    Where is this restaurant located?
    The property is located at 201 Court Ave Covington, VA.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Remodeled 6,400 sq ft landmark building in downtown Covington.; - Versatile space suitable for restaurant, office, apartment, or brewery.; - New 20-year warranty roof and new gutters.
    (540) 962-1155
    Request Owner's contact information
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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
    201 Court Ave Covington, VA 24426
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