Historic Live-Work
New
For Sale
$499,900
116 W Main St., Independence, VA 24348
Commercial Sale, Independence, VA
Property Size4,450 SF
Price / SF$112.34
Days on Market2
Property Features for 116 W Main St.
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CC
Interior features
Carbon Monoxide Detector, Public Restrooms
Lot features
City Lot
Directions
From the intersection of 21 and 58 in Independence, take 58 West, building is on the left beside Edward Jones.
Subdivision
Grayson County
Standard status
Active
Size
4,450 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
958
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating), Ductless (Heating)
Cooling system
Ductless, Heat Pump
Water source
Public
Building Details
Year built
1900
Flooring type
Carpet, Wood
Building materials
Brick, Masonry, Frame
Listing Agency:
Collins and Associates Realty
(276) 773-2522
Listed By:
Joan Collins · License #261782
(276) 233-5494
Added: Sep 4
Last Checked: Sep 5 at 9:06AM
MLS# 111767
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.
Investment Insights
Based on property information with market context.
Built in 1900, this brick, masonry, and frame live-work property combines a finished upper-level residence with commercial space on the main floor. The home encompasses 2,225 square feet and was refinished in 2019 with updated plumbing, electrical, roofing, windows, and insulation. Its layout includes an open living and kitchen area, three bedrooms, two baths, laundry, exposed brick, wood and carpet flooring, and access to an open and covered deck. A 2,000-square-foot basement provides additional storage space.
The main level contains two retail rental units, creating a combined residential and commercial configuration. The property is located at 116 W Main St. in downtown Independence, within walking distance of the Farmers Market, shops, restaurants, and the library. Public water and public sewer serve the building, which is zoned CC.
The main level contains two retail rental units, creating a combined residential and commercial configuration. The property is located at 116 W Main St. in downtown Independence, within walking distance of the Farmers Market, shops, restaurants, and the library. Public water and public sewer serve the building, which is zoned CC.
Key Highlights
- 4,450 square feet of total property size
- 2,225‑square‑foot upper‑level residence refinished in 2019
- Two main‑level retail rental units
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
Business Placement
Demographics for 24348, VA
4,725
Population
2,414
Households
2
Avg Household Size
47
Median Age
14%
College-Educated
83%
High-School Grad
101.9 sq mi
ZIP Area
46
Density / Sq Mi
$42,408
Median Household Income
$36,195
Median Earnings
$621
Median Rent
$146,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Renovated mixed-use property combines an upper-level residence with two main-level retail units in downtown Independence.
Where is this live-work space located?
The property is located at 116 W Main St. Independence, VA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 4,450 square feet of total property size; 2,225‑square‑foot upper‑level residence refinished in 2019; Two main‑level retail rental units
