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    40 Main St Boones Mill, VA 24065

    For Sale
    $299,999

    Commercial Sale - BOONES MILL, VA

    Type:Retail
    Lot size:
    0.40 Acres
    Days on Market:
    9
    Last Refresh:
    Dec 6 at 11:06 pm

    Property Features for 40 Main St

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking
    32
    Parking features
    Offsite, Parking Lot, Driveway, On Street, Secured
    Lot size
    0.40 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Ceiling, Central, Zoned, Heat Pump (Heating), Baseboard
    Cooling system
    Multi Units, Central Air, Heat Pump, Geothermal, Zoned
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1955
    Number of units
    3
    Building materials
    Brick, Concrete

    Money Realty LLC (703) 431-1159 [email protected]

    Listing agent Kim L Rosewall (540) 266-4442 License #0225101514

    Listing date Nov 28, 2025

    Copyright © 2025 Bright 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

    Versatile Commercial Building in Boones Mill

    This commercial building in Boones Mill, VA, is currently configured for commercial use but offers the potential for rezoning to residential, such as a multi-unit apartment or detached home. The one-story, all-brick building features a storefront and nine office rooms, with a commercial HVAC system and a 12-foot ceiling height. The interior space is approximately 5,000 square feet. The property includes multiple parking spaces at the front and side, as well as two drive-through lanes that could be enclosed for additional space. Located between the City of Roanoke and Rocky Mount, the property is near Virginia Tech University and adjacent to a USPS location, with access to public water and sewer, and high-speed internet. It is situated off the busy Rt. 220 Franklin-Virgil Goode Hwy, with approximately 40,000 cars passing by daily. The building includes a large retail space of about 2,200 square feet with tall windows, along with several office rooms ranging in size. There is also a kitchen, two restrooms, a utilities room, a storage area, and a safety deposit room. The property has central AC and heating with six individual thermostats. There are two exit doors at the back, many windows at the front and both sides, and plenty of parking spaces at the front, rear, and sides. The property consists of three lots, including the main building lot, a parking lot near the creek, and the two drive-through lanes. There are approximately 22 parking spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BB&T Insurance Services Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Kitchen & Bath Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Boones Mill
    County
    Franklin
    State
    Virginia
    Longitude
    -79.95370265
    Latitude
    37.11474461

    Nearby Similar for Sale

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    • $885,000
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      200+ Acre Historic District Farm

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    • $179,950
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      Boones Mill Office/Retail Building

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    FAQs

    What type of property is this?
    Retail space - Commercial building suitable for retail or office use, potential residential conversion.
    Where is this retail space located?
    The property is located at 40 Main St Boones Mill, VA.
    What is the asking price?
    The asking price for this property is $299,999.
    What are key features of this property?
    This property features: - High traffic location on Rt. 220 with approximately 40,000 cars passing daily, offering **excellent visibility**.; - Potential for rezoning to residential use, allowing for multiple unit apartments or a detached home.; - Large building with approximately 5,000 sqft including a **big retail space (approx. 2200 sqft) with tall windows**.
    (540) 266-4442
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    40 Main St Boones Mill, VA 24065
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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
    40 Main St Boones Mill, VA 24065
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