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Restaurant with Leased Commercial Space
For Sale
$229,000

516 W Main Street, Appalachia, VA 24216

Commercial Sale, Appalachia, VA

Property Size4,000 SF
Lot Size0.25 Acres
Price / SF$57.25
Days on Market370

Property Features for 516 W Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning C
Directions Travel into Appalachia past the entrance to new trail head from Big Stone Gap, go about 1/2 mile, go past post office and Black Bear is on left across from visitor center and hobby train building.
Subdivision 506 - Wise County
Standard status Active
APN 018295
Size 4,000 SF
Lot size 0.25 Acres

Taxes and HOA fees

Tax Annual Amount 825

Utilities

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

Amenities

stage

Building Details

Year built 1946
Building materials Brick
Roof type Metal
Listing Agency: ReMax Mountain
Listed By: Amy Hubbard · License #0225229270
Added: Oct 3, 2025 Changed: Oct 2 Last Checked: Oct 7 at 3:06AM
MLS# 9986688

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.

Investment Insights

Based on property information with market context.

This 4,000-square-foot commercial property combines an operating barbecue restaurant with a second commercial area currently leased to Complete Cardio. The restaurant component includes a performance stage, catering supplies, a smoker mounted on a trailer, and a delivery van, with the listed equipment conveying as part of the offering. The additional space features high ceilings and original hardwood flooring, providing a distinct interior configuration within the building.

Built in 1946, the property occupies 0.25 acres at 516 W Main Street in Appalachia, Virginia. Brick construction, a metal roof, heat-pump heating and cooling, public water, and public sewer are in place. The property is zoned C and offers an established commercial setting with both restaurant operations and an existing leased component.

Key Highlights

  • Operating barbecue restaurant with stage and catering equipment
  • Second commercial space currently leased to Complete Cardio
  • 4,000 square feet on 0.25 acres

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm Bakery Kitchen & Bath Showroom Cafe & Coffee Shop Grocery & Convenience Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

101
Businesses Nearby
9k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Dollar General Shops & Services
2,694 visits/mo 0.3 miles
Dollar Tree Shops & Services
2,625 visits/mo 0.3 miles
Exxon Shops & Services
2,306 visits/mo 0.3 miles
Valero Energy Shops & Services
1,829 visits/mo 0.4 miles

Demographics for 24216, VA

2,441
Population
1,236
Households
2
Avg Household Size
43
Median Age
11%
College-Educated
78%
High-School Grad
69.7 sq mi
ZIP Area
35
Density / Sq Mi
$32,400
Median Household Income
$27,708
Median Earnings
$674
Median Rent
$54,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Operating barbecue restaurant with conveyed equipment, public utilities, and a separately occupied commercial area.
Where is this conventional restaurant located?
The property is located at 516 W Main Street Appalachia, VA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Operating barbecue restaurant with stage and catering equipment; Second commercial space currently leased to Complete Cardio; 4,000 square feet on 0.25 acres
More about this property
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