Martinsville Industrial Warehouses For
For Lease
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1501 1505 1507 Joseph Martin Hwy, Martinsville, VA 24112
Three industrial warehouses with vacant space available for lease.
Space Size250,000 SF
Lot Size43.97 Acres
Days on Market569
Property Features for 1501 1505 1507 Joseph Martin Hwy
General Information
Standard status
Active
Size
250,000 SF
Class
B
Lot size
43.97 Acres
Property subtype
Industrial
Building Details
Year Built
1985
Tenancy
Multiple
Spaces For Lease
at 1501 1505 1507 Joseph Martin Hwy Contact us- Size
- 250,000 SF
- Type
- Industrial
- Availability
- Active
1501 Joseph Martin Highway
Listing Agency:
CBRE - Richmond
Listed By:
Jason Hetherington · License #022563421
Source:
Crexi
Added: Jan 29, 2025
Changed: Aug 12
Last Checked: Aug 20 at 7:30AM
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 CBRE - Richmond
Investment Insights
Based on property information with market context.
Three industrial warehouses located at 1501, 1505, and 1507 Joseph Martin Highway in Martinsville, Virginia, offer a combined total building size of 350,000 square feet. Vacant space includes 250,000 square feet at 1501 Joseph Martin Highway and 97,500 square feet at 1505 Joseph Martin Highway. The occupancy rates are 20% for 1501 Joseph Martin Highway, and 100% for both 1505 and 1507 Joseph Martin Highway. The properties are zoned I1 - Industrial District. The site area for 1501 Joseph Martin Highway is 28.64 acres, while 1505 Joseph Martin Highway has a site area of 15.33 acres. Constructed in 1983 (1501), 1984 (1505), and 1985 (1507), all three buildings were renovated in recent years. The roof type is metal rivet, installed in 1983, 1984, and 1985 respectively, and re-coated in 2021. The roof at 1507 Joseph Martin Highway had 25% of it re-coated in 2019. A 10-year warranty on the roof of 1501 Joseph Martin Highway expires on 11/14/2029. Loading configurations are front loading. Dock doors include 8 electric and 12 manual at 1501 Joseph Martin Highway, 8 electric at 1505 Joseph Martin Highway, and 18 electric and 12 manual at 1507 Joseph Martin Highway. Truck court depths are 100 feet at 1501 and 1505 Joseph Martin Highway, and 150-200 feet at 1507 Joseph Martin Highway. Unlined car parking is available with 50 spaces for 1501 Joseph Martin Highway and 48 spaces for 1505 Joseph Martin Highway. HVAC is provided by gas-fired unit heaters of various years. The power supply is 208 - 3 Phase. All properties are located in Flood Zone X.
Key Highlights
- Significant vacant space: 250,000 SF available at 1501 Joseph Martin Highway.
- 100% occupancy in 1505 & 1507 Joseph Martin Highway, indicating strong tenant demand.
- Buildings renovated between 2020‑2021.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 24112, VA
30,978
Population
15,999
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
86%
High-School Grad
151.3 sq mi
ZIP Area
205
Density / Sq Mi
$47,059
Median Household Income
$34,100
Median Earnings
$770
Median Rent
$119,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Three industrial warehouses with vacant space available for lease.
Where is this warehouse located?
The property is located at 1501 1505 1507 Joseph Martin Hwy Martinsville, VA.
What are key features of this property?
This property features: Significant vacant space: 250,000 SF available at 1501 Joseph Martin Highway.; 100% occupancy in 1505 & 1507 Joseph Martin Highway, indicating strong tenant demand.; Buildings renovated between 2020‑2021.
