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    516 E 5Th St N Big Stone Gap, VA 24219

    For Lease
    $500,000

    COMMERCIAL - Big Stone Gap, VA

    Property size:
    2,359 SF
    Lot size:
    3.00 Acres
    Days on Market:
    53
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 516 E 5Th St N

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Comm
    APN
    001491
    Parking
    25
    Size
    2,359 SF
    Lot size
    3.00 Acres

    Utilities

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

    Building Details

    Building materials
    Brick
    Roof type
    Composition

    ReMax Cavaliers Wise (276) 301-7010

    Listing agent Brett Tiller (276) 365-0763 License #0225239199

    Listing date Oct 14, 2025

    Copyright © 2025 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

    Restaurant Opportunity in Big Stone Gap

    Located in Big Stone Gap, Virginia, this commercial property, formerly a Dairy Queen, presents an opportunity for a restaurant venture. The 2,359 square-foot building is situated downtown and features road frontage. The property, zoned for commercial use, includes parking on both sides of the building and a drive-thru area. The lot size is 3 acres. This property is suitable for drive-through restaurants, restaurants, retail properties, storefront properties, and individual retail properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dairy Queen Grill ... Fast Food Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Stone Gap
    County
    Wise
    State
    Virginia
    Longitude
    -82.779847
    Latitude
    36.872144

    Nearby Similar for Lease

    • $259,900
      1,400 SF

      Commercial Space in Big Stone Gap

      Versatile commercial space suitable for various businesses in Big Stone Gap.
      11 N 5Th St, Big Stone Gap, VA 24219
      View Details
    • Contact for pricing
      18,764 SF

      Big Stone Gap Retail Center

      Retail and office spaces available in Big Stone Gap, Virginia.
      1937-1957 Neeley Rd, Big Stone Gap, VA 24219
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Restaurant space with drive-thru potential in downtown Big Stone Gap.
    Where is this drive through restaurant located?
    The property is located at 516 E 5Th St N Big Stone Gap, VA.
    What are key features of this property?
    This property features: - Ideal location for a restaurant, formerly a Dairy Queen.; - High-visibility downtown location with road frontage.; - Ready-to-go building suitable for immediate occupancy.
    (276) 365-0763
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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
    516 E 5Th St N Big Stone Gap, VA 24219
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