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    5239 Us Highway 421 Pennington Gap, VA 24277

    Sponsored
    For Sale
    $130,000

    COMMERCIAL - Pennington Gap, VA

    Property size:
    2,000 SF
    Lot size:
    0.50 Acres
    Days on Market:
    83
    Last Refresh:
    Jan 7 at 9:06 pm

    Property Features for 5239 Us Highway 421

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Com_Industrial
    APN
    23e-(62) 1-5, 17-20
    Size
    2,000 SF
    Lot size
    0.50 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Central Air, Heat Pump
    Water source
    Public

    Building Details

    Year built
    1960
    Building materials
    Block
    Roof type
    Metal

    RIDGEVIEW REAL ESTATE (276) 328-0055

    Listing agent Virginia Roberts (276) 328-0055 License #0225239196

    Listing date Oct 17, 2025

    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.

    Overview

    Commercial Property with Apartment

    This commercial property features a solid block building with a 2-bedroom, 1-bath apartment on the upper level. The apartment has updated electrical and is separately metered from the lower level. The lower level includes two spacious garage bays, each with its own large rear storage room featuring gravel flooring. Situated on a 0.5-acre lot, the property also offers secondary water and sewer hookups. The building is topped with a durable metal roof and is located on a busy highway. The property is suited for mixed-use, live-work, rental, workshop, storage, or light industrial use. The property is located in Pennington Gap, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pennington Gap
    County
    Lee
    State
    Virginia
    Longitude
    -83.014889
    Latitude
    36.760441

    Nearby Similar for Sale

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      6.61 Acres

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      6.61 acres of land in Pennington Gap, Virginia.
      231 Vfw Trl, Pennington Gap, VA 24277
      View Details
    • $795,000
      17,250 SF

      Pennington Gap Commercial Property

      Versatile commercial property with showroom, warehouse, and storage buildings.
      43550 Veterans Memorial Hwy, Pennington Gap, VA 24277
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile commercial building with apartment on a half-acre lot.
    Where is this mixed-use property located?
    The property is located at 5239 Us Highway 421 Pennington Gap, VA.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: - Mixed-use property with commercial space and a 2-bedroom apartment; - Half-acre lot with secondary water and sewer hookups for expansion; - Two spacious garage bays with rear storage rooms suitable for workshop or storage
    (276) 219-2213
    Request Owner's contact information
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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
    5239 Us Highway 421 Pennington Gap, VA 24277
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