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    201 S Main St Gretna, VA 24557

    For Sale
    $425,000

    Commercial/Indust - Gretna, VA

    Lot size:
    0.26 Acres
    Days on Market:
    29
    Last Refresh:
    Dec 5 at 7:06 am

    Property Features for 201 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    2530-16-3949
    Lot size
    0.26 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Oil
    Cooling system
    Central Air, Heat Pump

    Building Details

    Year built
    1993
    Flooring type
    Carpet, Tile, Vinyl, Wood
    Roof type
    Composition
    Architectural style
    Other

    Dawson Ford Garbee & Co (434) 455-4777 [email protected]

    Listing agent Robert E Dawson (434) 385-0015 License #0225036912

    Listing date Nov 7, 2025

    MLS# 362919 Listing URL

    Copyright © 2025 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment Opportunity

    This two-story mixed-use property in Gretna, VA, presents an investment opportunity, featuring a retail space on the ground level and seven residential units on the second floor. The residential component includes six efficiency apartments and one 1-bedroom unit. Each unit is equipped with washer/dryer connections, ranges, refrigerators, and insulated windows. Central air and heat are provided in each unit via separate heat pumps. The main-level retail space is currently vacant but offers a lease potential of $1,500.00 to $2,500.00 per month. The retail space has oil heat and central air. The owner is responsible for insurance, electricity for common areas, exterior maintenance, water/sewer, and property taxes. The property is situated on a 0.26-acre lot. Showings for one apartment unit and the street-level retail space can be scheduled prior to contract signing. The remaining six residential units will be shown post-contract, with buyer approval required at the time of any inspections. The property has great rental income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gretna
    County
    Pittsylvania
    State
    Virginia
    Longitude
    -79.361222
    Latitude
    36.951555

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    FAQs

    What type of property is this?
    Mixed-use property - Two-story property with retail space and seven residential units.
    Where is this mixed-use property located?
    The property is located at 201 S Main St Gretna, VA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Mixed-use property with retail space and seven residential units offering diverse income streams.; - Seven residential units equipped with washer/dryer connections, ranges, refrigerators, and insulated windows.; - Each residential unit has central air and heat provided by a separate heat pump.
    (434) 385-0015
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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 S Main St Gretna, VA 24557
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