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Mixed-Use Property with Separate Dwelling
For Sale
$445,000

1124 Tower Rd, Galax, VA 24333

A brick commercial building and a detached two-bedroom residence offer distinct spaces on one property, with paved parking and adaptable rooms.

Property Size3,953 SF
Price / SF$112.57
Days on Market38

Property Features for 1124 Tower Rd

General Information

Standard status Active
Size 3,953 SF
Total Parking Spaces 50
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $2,670

Amenities

Public Restrooms
Rain Gutters
Lighting

Building Details

Building Size 3,953 SF
Year Built 1970
Buildings 2
Construction brick
Listing Agency: Galax Realty Group
Listed By: Jessica Leonard
Source: Alleghanyhighcountryrealty
Added: Sep 27 Changed: Nov 2 Last Checked: Nov 3 at 5:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Galax Realty Group

Rey
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Investment Insights

Based on property information with market context.

The property includes a 3,953-square-foot brick commercial building and a separate 1,200-square-foot brick residence. The commercial space has multiple restrooms and several classrooms or flexible rooms, along with an AC system and heat pump described as newer. The building was constructed in 1970 and previously served as a church and senior daycare. The residence has two bedrooms, two bathrooms, and a shingle roof; a three-bedroom layout is described as a potential conversion.

There are 50 paved parking spaces, and the property is stated to have no zoning restrictions. The commercial building and separate dwelling provide two distinct components within the same offering.

Key Highlights

  • 3,953‑square‑foot brick commercial building and separate 1,200‑square‑foot brick dwelling
  • 50 paved parking spaces
  • Commercial building includes multiple restrooms and several classroom or flexible rooms

Property Analytics

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Current Use

Churches & religious facilities

Suggested Use

Top Pick Auto Parts Store Kitchen & Bath Showroom Grocery & Convenience Store Florist Auto Repair Shop Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 24333, VA

17,309
Population
9,029
Households
1.9
Avg Household Size
46
Median Age
16%
College-Educated
83%
High-School Grad
144.9 sq mi
ZIP Area
119
Density / Sq Mi
$47,539
Median Household Income
$34,297
Median Earnings
$713
Median Rent
$135,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Mixed-use property - A brick commercial building and a detached two-bedroom residence offer distinct spaces on one property, with paved parking and adaptable rooms.
Where is this mixed-use property located?
The property is located at 1124 Tower Rd Galax, VA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 3,953‑square‑foot brick commercial building and separate 1,200‑square‑foot brick dwelling; 50 paved parking spaces; Commercial building includes multiple restrooms and several classroom or flexible rooms
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