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Office Units with Private Offices
For Sale
$125,000

15 Cleveland Avenue, Martinsville, VA 24112

Commercial Sale, Martinsville, VA

Property Size2,035 SF
Lot Size0.28 Acres
Price / SF$61.43
Days on Market636

Property Features for 15 Cleveland Avenue

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 3
Rooms Bathroom 3, Bathroom 2, Bathroom 1
Subdivision Martinsville
Standard status Active
Size 2,035 SF
Lot size 0.28 Acres

Building Details

Year built 1965
Floors in Building 1
Listing Agency: Berry-Elliott, REALTORS
Listed By: Julian Mei
Added: Dec 11, 2024 Changed: Sep 8 Last Checked: Sep 8 at 11:06PM
MLS# 144321

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.

Suites 10 and 11 comprise 2,035 square feet within a condominium complex built in 1965. The office configuration includes a lobby and reception area, conference room, administrative office with its own entrance, five private client-service offices, three bathrooms, and two break areas, including a larger kitchen-equipped space. Separate storage areas provide additional utility, with one currently arranged as a child play area.

The condominium association includes professional-service occupants and addresses shared elements such as the parking lot and roof through owner contributions governed by the condominium declarations, bylaws, and amendments. The property is near municipal services, schools, the library, museums, galleries, and other professional services in Martinsville.

Key Highlights

  • 2,035 SF across Suites 10 and 11
  • Five private office rooms for client services
  • Lobby, reception area, and conference room

Property Analytics

Current Use

Smoot Heidi a MD Physician O'Dell Phyllis Hospital Blankenship Dana Hospital Brewer Connie Hospital Dr. Cody Drake Physician

Suggested Use

Top Pick Parking Lot & Garage Kitchen & Bath Showroom Storage Facility (Bike/Boat/Book/etc) Store Locksmith Catering Service

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

2
Office units

Location Intelligence

Trade Area within ½ mile

1,051
Businesses Nearby

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 Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Two connected office suites offer a reception area, meeting space, private rooms, storage, and multiple staff amenities.
Where is this office units located?
The property is located at 15 Cleveland Avenue Martinsville, VA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 2,035 SF across Suites 10 and 11; Five private office rooms for client services; Lobby, reception area, and conference room
More about this property
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