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Multi-Building Retail Space
For Sale
$475,000

119 NW Independence Avenue, Wise, VA 24293

COMMERCIAL - Wise, VA

Property Size8,900 SF
Lot Size2.09 Acres
Price / SF$53.37
Days on Market340

Property Features for 119 NW Independence Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Parking 20
Subdivision Not In Subdivision
Directions From US Business Rt. 23, turn left at the first traffic light at the the intersection of Main Street and Wise-Norton Rd. Property is located on the right approximately .5 miles just past Hardees. GPS friendly
Standard status Active
APN 032693
Size 8,900 SF
Lot size 2.09 Acres

Taxes and HOA fees

Tax Annual Amount 1982

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Heat Pump
Water source Public

Building Details

Year built 1976
Building materials Block, Brick
Roof type Metal
Listing Agency: Ridgeview Real Estate
Listed By: Robin Dotson · License #0225205320
Added: Sep 17, 2025 Changed: Aug 4 Last Checked: Aug 22 at 11:06AM
MLS# 9985893

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.

Investment Insights

Based on property information with market context.

This commercial property in Wise includes two buildings with established business occupancy. The primary one-story structure contains 7,680 square feet of retail space and provides two garage bays for each business. A separate two-story building includes a 1,280-square-foot hair salon. Both structures are positioned around the property, leaving additional land for future development.

The site has public water and public sewer service, with cable available. Building improvements include block and brick construction, metal roofing, heat-pump heating, and heat-pump cooling. The property also offers on-site parking and is zoned Commercial.

Key Highlights

  • 7,680 square feet of retail space in the primary one‑story building
  • Separate two‑story building with a 1,280‑square‑foot hair salon
  • Two garage bays available for each business in the one‑story building

Property Analytics

Current Use

Retail space

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

323
Businesses Nearby
21k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 50% Groceries 28% Shops & Services 23%
Hardee's Dining
6,749 visits/mo 0.1 miles
IGA Groceries
5,677 visits/mo 0.4 miles
SUBWAY Dining
3,485 visits/mo 0.5 miles
Valero Energy Shops & Services
2,753 visits/mo 0.4 miles
FedEx Office Print & Ship Center Shops & Services
1,215 visits/mo 0.4 miles

Demographics for 24293, VA

9,442
Population
4,642
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
84%
High-School Grad
56.6 sq mi
ZIP Area
167
Density / Sq Mi
$53,970
Median Household Income
$36,643
Median Earnings
$801
Median Rent
$119,500
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Commercial zoning, public utilities, and two occupied buildings support varied business use in Wise.
Where is this retail space located?
The property is located at 119 NW Independence Avenue Wise, VA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 7,680 square feet of retail space in the primary one‑story building; Separate two‑story building with a 1,280‑square‑foot hair salon; Two garage bays available for each business in the one‑story building
More about this property
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