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    4970 Chatham Rd Martinsville, VA 24112

    Sponsored
    For Sale
    $165,000

    Commercial - Martinsville, VA

    Lot size:
    1.00 Acres
    Days on Market:
    262
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 4970 Chatham Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.00 Acres

    Building Details

    Year built
    1111
    Floors in Building
    1
    Architectural style
    Other

    Century 21 All- Service (540) 586-5500

    Listing agent Roxanne Roberts (540) 586-5500

    Listing date Apr 19, 2025

    MLS# 135164 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 Building For Sale

    This brick store building, located in Martinsville, Virginia, is currently leased as a consignment shop. The building has previously served as a convenience store, a kitchen and bath remodeling store, and an outdoor/sports store. It features road frontage and parking, offering many opportunities and possibilities. A new HVAC system, garage door, and well have been installed. The building could be converted into a three-bedroom home on the main level, with the opportunity to operate a business from the lower level. Conversion to a restaurant or other business is also possible. The lot size is 1.004 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Spa & Massage Hair Salon Nail Salon Cosmetics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville
    State
    Virginia
    Longitude
    -79.766635
    Latitude
    36.731266

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    FAQs

    What type of property is this?
    Storefront property - Brick store building with road frontage and parking in Martinsville.
    Where is this storefront property located?
    The property is located at 4970 Chatham Rd Martinsville, VA.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: - New HVAC, garage door, and well installed.; - Road frontage and parking available.; - Versatile building suitable for retail, restaurant, or residential conversion.
    (804) 313-1710
    Request Owner's contact information
    4970 Chatham Rd 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
    4970 Chatham Rd Martinsville, VA 24112
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