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    516 N Main St Hillsville, VA 24343

    New
    For Sale
    $375,000

    COMMERCIAL - Hillsville, VA

    Property size:
    4,224 SF
    Days on Market:
    7
    Last Refresh:
    Dec 8 at 1:06 pm

    Property Features for 516 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking
    1
    Size
    4,224 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Ductless (Heating)
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Flooring type
    Carpet, Wood
    Building materials
    Brick, Masonry
    Roof type
    Metal
    Additional Structures
    None

    Mountain Sky Properties (276) 228-8882 [email protected]

    Listing agent Elaine Smith (540) 315-0155

    Listing date Dec 2, 2025

    Copyright © 2025 Southwest Virginia 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

    Historic Hillsville Multi-Use Building

    Located in the heart of historic downtown Hillsville, Carroll County, this multi-use building offers a commercial investment opportunity. The property features a current tenant on the main floor. The second floor presents the potential for conversion into 2 to 4 apartments or additional retail space, maximizing income potential. Benefiting from high visibility and foot traffic, this 4,224-square-foot building is suitable for retail or professional services.
    Location Intelligence

    Current Use by Public Records

    Out Of The Box Worship ... Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsville
    County
    Carroll
    State
    Virginia
    Longitude
    -80.7372689
    Latitude
    36.7661688

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    FAQs

    What type of property is this?
    Retail space - Commercial building with tenant and apartment conversion potential in Hillsville.
    Where is this retail space located?
    The property is located at 516 N Main St Hillsville, VA.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - High visibility and foot traffic in the heart of Historic Downtown Hillsville.; - Established tenant on the main floor provides immediate income.; - Second floor offers potential for conversion into 2-4 apartments or retail space to maximize income.
    (540) 315-0155
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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 N Main St Hillsville, VA 24343
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