Listing Agency: Fortune Realty of Richlands Show Phone

Listed By: Ramona Simmons · License #0225058750 Show Phone

Source: Exprealty

Added: Jan 1, 2025 Changed: Aug 21 Last Checked: Sep 6 at 2:29PM

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Investment Insights

Based on property information with market context.

The property is a multi-use building combining a 3-bay commercial garage with residential rental units. The garage building is ready for an auto mechanic to begin operating, and it previously served as an auto repair garage and state inspection sticker station; much of the equipment remains in place. The garage includes a heated office and half bath, and it offers additional storage. There is no warranty on the remaining equipment.

In addition to the garage, the building includes seven residential rentals: six apartments with sizes totaling 384 +/- square feet plus a singlewide mobile home. All residential units are currently rented, and the units are connected to public water and sewage. A letter of prequalification is required to view the rental units, and the property cannot be separated.

The offering includes the full combined building only, consisting of the 3-bay garage and all residential units.

Key Highlights

• Multi‑use building with 3‑bay commercial garage plus 7 residential rental units; all units currently rented
• 3‑bay garage was previously an auto repair garage and state inspection sticker station; much of the equipment remains
• Garage is over 1,600 SF and includes heated office and a half bath; storage included

Property Analytics

Property Profile

Current Use

Auto shops

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Storage Facility Furniture & Home Goods (Bike/Boat/Book/etc) Store Building Supply

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

Lease Details

3

Service bays

7

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

52

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 24639, VA

3,099

Population

1,673

Households

1.9

Avg Household Size

47

Median Age

25%

College-Educated

81%

High-School Grad

48.0 sq mi

ZIP Area

65

Density / Sq Mi

$43,380

Median Household Income

$36,474

Median Earnings

$692

Median Rent

$107,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Mixed-Use Property with Garage

110 Redwood Drive, Raven, VA 24639

$275,000

3,616 SF

View details

Mobile Home Park Investment Property

176 Redwood Dr, Raven, VA 24639

$59,900

0.73 Acres

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Frequently Asked Questions

What type of property is this?

Auto shop - Multi-use property with a 3-bay heated office garage and seven income-producing residential units, all currently rented.

Where is this auto shop located?

The property is located at 110 Redwood Drive Raven, VA.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Multi‑use building with 3‑bay commercial garage plus 7 residential rental units; all units currently rented; 3‑bay garage was previously an auto repair garage and state inspection sticker station; much of the equipment remains; Garage is over 1,600 SF and includes heated office and a half bath; storage included