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    511 Memorial Blvd Martinsville, VA 24112

    For Sale
    $35,000

    Land - Martinsville, VA

    Lot size:
    1.26 Acres
    Days on Market:
    167
    Last Refresh:
    Dec 8 at 3:06 pm

    Property Features for 511 Memorial Blvd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.26 Acres

    Building Details

    Architectural style
    Other

    Berry-Elliott Realtors (276) 634-7657 [email protected]

    Listing agent Barbara Waldron (276) 656-1111

    Listing date Jun 25, 2025

    MLS# 139533 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

    Commercial Lots in High-Traffic Area

    The offering includes multiple commercial lots in the South Memorial Boulevard area. Specifically, the portfolio comprises a 1.262-acre lot on Memorial Boulevard, along with Salem Street Lots 100, 101, and 102, and Winston Street Lot 91. The land is suitable for a variety of commercial purposes. The location benefits from excellent visibility and access, with an average daily traffic volume of 11,000 vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville
    State
    Virginia
    Longitude
    -79.8799849
    Latitude
    36.6842458

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    FAQs

    What type of property is this?
    Land - Five commercial lots suitable for various business purposes.
    Where is this land located?
    The property is located at 511 Memorial Blvd Martinsville, VA.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: - Prime commercial land in the South Memorial Boulevard area; - Excellent visibility; - Prime access
    (276) 656-1111
    Request Owner's contact information
    511 Memorial Blvd 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

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    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
    511 Memorial Blvd Martinsville, VA 24112
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