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    4970 Chatham Rd Martinsville, VA 24112

    For Sale
    $158,599

    1,440 sq ft, 1-acre lot, high visibility

    Property size:
    1,440 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This versatile 1,440 square foot brick building, situated on a one-acre lot with road frontage on Route 57 in Martinsville, Virginia, presents a unique investment opportunity. Previously utilized as a convenience store, kitchen and bath remodeling showroom, and an outdoor sports store, the property currently operates as a consignment shop under lease. The building boasts a newly installed HVAC system, a new garage door, and a new well, ensuring efficient and reliable operation. The property's adaptable layout offers significant potential for a variety of uses. An enterprising buyer could easily convert the main level into a three-bedroom home, while simultaneously operating a business from the lower level. The high-traffic location on Route 57 makes it ideal for a restaurant or numerous other commercial ventures. The existing infrastructure, including the recently updated systems, minimizes upfront capital expenditure, allowing for a quicker return on investment. All information provided is subject to verification by the purchaser. This property is a rare blend of residential and commercial potential, offering a compelling opportunity for both business owners and those seeking a unique property with significant upside. Don't miss this chance to acquire a prime piece of Martinsville real estate.

    Property Features for 4970 Chatham Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,440 SF
    Lot Size
    43,560 SF
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Hair Salon Nail Salon Cosmetics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Other
    State
    Virginia
    Longitude
    -79.76724
    Latitude
    36.73165

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    FAQs

    What type of property is this?
    Commercial real estate - 1,440 sq ft, 1-acre lot, high visibility
    Where is this commercial real estate located?
    The property is located at 4970 Chatham Rd Martinsville, VA.
    What is the asking price?
    The asking price for this property is $158,599.
    (434) 237-7777
    Request Owner's contact information
    4970 Chatham Rd Martinsville, VA 24112
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    Martinsville, VA 24112
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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
    4970 Chatham Rd Martinsville, VA 24112
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