Restaurant with Event
For Sale
$199,900
1420 Virginia Avenue, Martinsville, VA 24112
Commercial Sale, Martinsville, VA
Property Size3,935 SF
Lot Size0.26 Acres
Price / SF$50.80
Days on Market194
Property Features for 1420 Virginia Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Rooms
Bathroom 1
Subdivision
Henry County
Standard status
Active
Size
3,935 SF
Lot size
0.26 Acres
Building Details
Year built
1955
Floors in Building
1
Listing Agency:
MKB, REALTORS
(540) 989-4555
Listed By:
Angie McGhee · License #0225095935
(540) 537-5918
Added: Mar 18
Changed: Sep 6
Last Checked: Sep 27 at 6:06PM
MLS# 149937
Copyright © 2026 Martinsville, Henry, Patrick Counties 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.
This 3,935-square-foot commercial restaurant property includes a dining area, commercial kitchen, and adaptable event space. The property currently accommodates restaurant operations, an ice cream shop, and event activities, creating a hospitality-oriented layout with several established functional areas. Built in 1955, the building occupies a 0.26-acre parcel.
Located at 1420 Virginia Avenue in Martinsville, the property is positioned along a well-traveled corridor with access and visibility noted in the listing information. The event area is suited to weddings, parties, corporate gatherings, and community events, while the existing food-service layout supports restaurant and dessert operations. The property is shown by appointment only.
Located at 1420 Virginia Avenue in Martinsville, the property is positioned along a well-traveled corridor with access and visibility noted in the listing information. The event area is suited to weddings, parties, corporate gatherings, and community events, while the existing food-service layout supports restaurant and dessert operations. The property is shown by appointment only.
Key Highlights
- 3,935‑square‑foot restaurant property on 0.26 acres
- Existing commercial kitchen and dining area
- Flexible event space for weddings, parties, and gatherings
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
161k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 46%
Shops & Services 27%
Dining 13%
Apparel 6%
Walmart
Superstores
73,258 visits/mo
0.4 miles
Ollie's Bargain Outlet
Shops & Services
16,001 visits/mo
0.3 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
14,654 visits/mo
0.2 miles
Roses Discount Store
Shops & Services
13,051 visits/mo
0.3 miles
Circle K
Shops & Services
8,158 visits/mo
0.2 miles
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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing dining, kitchen, and event areas support restaurant, dessert, and gathering operations.
Where is this conventional restaurant located?
The property is located at 1420 Virginia Avenue Martinsville, VA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 3,935‑square‑foot restaurant property on 0.26 acres; Existing commercial kitchen and dining area; Flexible event space for weddings, parties, and gatherings
