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    43550 Veterans Memorial Hwy Pennington Gap, VA 24277

    Sponsored
    Picture of Parking lots & garages at Veterans Memorial Hwy 43550, Pennington Gap, VA
    For Sale
    $795,000

    COMMERCIAL - Pennington Gap, VA

    Property size:
    17,250 SF
    Lot size:
    2.86 Acres
    Days on Market:
    74
    Last Refresh:
    Jan 8 at 2:06 am

    Property Features for 43550 Veterans Memorial Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-3
    APN
    24a-(1)-1a,C
    Parking
    20
    Size
    17,250 SF
    Lot size
    2.86 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1979
    Building materials
    Metal Siding
    Roof type
    Metal

    Blue Ridge Properties (423) 534-3063 [email protected]

    Listing agent John Moody (423) 534-6355

    Listing date Oct 27, 2025

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pennington Gap Commercial Property

    Located in Pennington Gap, VA, this commercial property features approximately 3 acres and includes a 12,900 square foot showroom and warehouse building, a 4,400 square foot drive-thru storage building, and four storage sheds. The property benefits from 1,000 feet of road frontage and a large paved parking area. The main building includes two bathrooms, a heat pump, and a large office area, as well as two 14-foot rollup doors. A pole sign enhances visibility. The property's location offers high visibility and high traffic, with a median cut on the highway. The buildings are suitable for a variety of businesses, including retail, warehousing, distribution, automotive, light industrial or manufacturing, and recreation. The zoning is B-3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Restaurant Pharmacy Food Market HVAC Service Grocery Store Furniture Store Cosmetics Store Arcade & Gaming Center Pet Supply Store Supermarket

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

    Location Insight

    • Map
    • Local Demand
    City
    Pennington Gap
    County
    Lee
    State
    Virginia
    Longitude
    -82.997488
    Latitude
    36.764857

    Nearby Similar for Sale

    • $130,000
      2,000 SF

      Commercial Property with Apartment

      Versatile commercial building with apartment on a half-acre lot.
      5239 Us Highway 421, Pennington Gap, VA 24277
      View Details
    • New
      $125,000
      6.61 Acres

      Pennington Gap Land For Sale

      6.61 acres of land in Pennington Gap, Virginia.
      231 Vfw Trl, Pennington Gap, VA 24277
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - Versatile commercial property with showroom, warehouse, and storage buildings.
    Where is this parking lot & garage located?
    The property is located at 43550 Veterans Memorial Hwy Pennington Gap, VA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - High visibility and high traffic location with median cut access on the highway.; - Large 12,900 sq ft showroom and warehouse building.; - 3+- acre property with multiple buildings including a 4400 sq ft drive-thru storage building and 4 storage sheds.
    (423) 534-6355
    Request Owner's contact information
    43550 Veterans Memorial Hwy Pennington Gap, VA 24277
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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
    43550 Veterans Memorial Hwy Pennington Gap, VA 24277
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