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    540 S Main St Marion, VA 24354

    Sponsored
    For Sale
    $230,000

    COMMERCIAL - Marion, VA

    Property size:
    13,600 SF
    Lot size:
    1.55 Acres
    Days on Market:
    41
    Last Refresh:
    Jan 6 at 1:06 pm

    Property Features for 540 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMERCIAL
    APN
    208-102-8 014885
    Parking
    75
    Size
    13,600 SF
    Lot size
    1.55 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1945
    Building materials
    Block, Wood Siding
    Roof type
    Metal, Shingle

    KW Bristol (423) 225-2703

    Listing agent Richard Shinault (423) 366-5511 License #312615, 0225183381

    Listing date Nov 27, 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 Land with Development Potential

    This 1.55-acre commercial land offers various possibilities for development. The property is suitable for rehabilitation into office spaces, townhouses, or short-term rental units. Alternatively, it can be redeveloped into a car dealership, a new strip mall, doctors' offices, or an urgent care facility. An adjacent property, a Dr. Pepper/Budweiser distribution plant, is also available through the same realtor. Purchasing both properties would provide an additional 10,000 square feet of space and over an acre of land, creating two corner lots with an additional 400 feet of road frontage. The existing structure has a size of 13,600 square feet. The property is located in Marion, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Smyth
    State
    Virginia
    Longitude
    -81.528116
    Latitude
    36.827469

    Nearby Similar for Sale

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      Marion Commercial Property with Possibilities

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      Starbucks NNN Investment Opportunity

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    FAQs

    What type of property is this?
    Commercial land - Commercial land with possibilities for various business ventures.
    Where is this commercial land located?
    The property is located at 540 S Main St Marion, VA.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: - High potential for various commercial uses: office spaces, townhouses, short-term rentals, car dealership, strip mall, medical offices, urgent care.; - Opportunity to acquire adjacent property (Dr. Pepper/Budweiser distribution plant) for increased space (10,000 SF) and land (over an acre).; - Potential for significant road frontage (additional 400 feet with adjacent property).
    (423) 366-5511
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    540 S Main St Marion, VA 24354
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    Marion, VA 24354
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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
    540 S Main St Marion, VA 24354
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