Mixed-Use Property with Student
1046 Terrace Drive, Marion, VA 243554
For Sale
$850,000
Commercial Sale, Marion, VA
Property Size8,250 SF
Lot Size0.69 Acres
Price / SF$103.03
Days on Market81
Property Features for 1046 Terrace Drive
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Listing Agency:
Appalachian Realty Co.
(276) 783-5173
Listed By:
Vickie Stamper · License VA #0225024307
(276) 780-3172
Added: Aug 22
Changed: Oct 25
Last Checked: Nov 10 at 5:06PM
MLS# 94332
Copyright © 2026 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Built in 1985, this 8,250-square-foot mixed-use property sits on 0.69 acres and combines student housing with a healthcare office. The main level contains four suites, each arranged for two students with private bathrooms, closets, study areas and space for bedroom furnishings. Residents share kitchen, living and dining areas. Granite countertops, pantry storage and coin-operated laundry are among the on-site features; one unit is handicap-accessible.
The lower level is leased as a healthcare office with multiple offices, storage, two half baths and two kitchenettes. The student suites have two-year lease terms and were at full capacity, with internet and utilities included. Public water and sewer serve the property, which is zoned R3.
The lower level is leased as a healthcare office with multiple offices, storage, two half baths and two kitchenettes. The student suites have two-year lease terms and were at full capacity, with internet and utilities included. Public water and sewer serve the property, which is zoned R3.
Key Highlights
- 8,250‑square‑foot building on 0.69 acres
- Four student suites accommodate two students each
- Private baths, closets and study areas in the student suites
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four furnished student suites share kitchen and living areas, alongside a separate healthcare office on the lower level.
Where is this mixed-use property located?
The property is located at 1046 Terrace Drive Marion, VA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 8,250‑square‑foot building on 0.69 acres; Four student suites accommodate two students each; Private baths, closets and study areas in the student suites
