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    556 S Main St Marion, VA 24354

    Sponsored
    For Sale
    $160,000

    COMMERCIAL - Marion, VA

    Property size:
    9,440 SF
    Lot size:
    0.70 Acres
    Days on Market:
    44
    Last Refresh:
    Jan 9 at 12:06 pm

    Property Features for 556 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMERCIAL
    APN
    208-102-9 012009
    Parking
    25
    Size
    9,440 SF
    Lot size
    0.70 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1925
    Building materials
    Block, Brick
    Roof type
    Rubber

    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

    Marion Commercial Property with Possibilities

    This commercial property offers various possibilities for a keen business person. The existing structure could be renovated into office spaces, townhouses, or short-term rental units. Alternatively, the building could be torn down to construct a car dealership, a new strip mall, a garage, a taxi cab service, doctors' offices, or an urgent care facility. The property encompasses 0.7 acres. The existing building has 9,440 square feet of space. The property is located in Marion, VA. Additional space is available adjacent to this property, including the old Marion Hospital, which offers an additional 14,000 square feet and over 1.5 acres of space, providing two corners and an additional 400 feet of road frontage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    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
    -81.52853
    Latitude
    36.827252

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    FAQs

    What type of property is this?
    Strip mall - Commercial property in Marion, VA with limitless potential uses.
    Where is this strip mall located?
    The property is located at 556 S Main St Marion, VA.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: - High potential for various commercial uses: office spaces, townhouses, retail, medical, automotive, etc.; - Opportunity to acquire adjacent property (Old Marion Hospital) for significantly expanded space (14,000 SF and 1.5+ acres).; - Two corners and an additional 400 foot of road frontage available with purchase of adjacent property.
    (423) 366-5511
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    556 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
    556 S Main St Marion, VA 24354
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