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Remodeled Mixed-Use Property
For Sale
$399,900

201 N Court Ave, Covington, VA 24426

Commercial/Industry, Covington, VA

Property Size6,470 SF
Price / SF$61.81
Days on Market290

Property Features for 201 N Court Ave

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Zoning description Commercial
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3
Directions From Monroe Ave or Craig Ave turn onto Locust street and the building sits on the corner of Locust and Court.
Subdivision Alleghany
Standard status Active
APN 10--2--109B
Size 6,470 SF

Taxes and HOA fees

Tax Description OLD TOWN PT LOT 109
Legal Description OLD TOWN PT LOT 109

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating), Forced Air, Natural Gas
Cooling system Heat Pump
Water source Public

Building Details

Year built 1915
Flooring type Carpet, Vinyl, Slate
Roof type Flat
Listing Agency: Greenway's Real Estate & Auction Inc
Listed By: Tara Simmons Brewster
Added: Dec 10, 2025 Changed: Sep 12 Last Checked: Sep 26 at 11:06AM
MLS# 139718

Copyright © 2026 Rockbridge Highlands 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.

Built in 1915, this remodeled mixed-use property combines commercial space with a one-bedroom apartment accessed through its own entrance on the Court Ave. side. The commercial component includes a kitchen with an operating hood, reception and meeting areas, office space, and multiple bathrooms. Vinyl, carpet, and slate flooring are installed throughout the property.

Recent improvements include a new roof backed by a 20-year warranty, new gutters, an exterior brick refacing, new plumbing, a new 150-amp electrical service, and a water line from the street. Heating is provided by multiple gas boilers with central heat and air, while the apartment includes gas-fired heating and electric hot water. Public water and public sewer serve the property, and parking is available within steps of the front entrance. The property is located in downtown Covington and is zoned Commercial.

Key Highlights

  • 6,470 square feet of property size
  • One‑bedroom apartment with separate Court Ave. entrance
  • Commercial kitchen with operating hood and instant gas hot water

Property Analytics

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Current Use

Commercial kitchens

Suggested Use

Top Pick Dental Office Parking Lot & Garage Electrical Service Skin Care Clinic Bakery Storage Facility

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

Yes
Utilities to site
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

470
Businesses Nearby
1k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 44% Home Improvements & Furnishings 41% Shops & Services 15%
Quality Inn Hotels & Casinos
593 visits/mo 0.1 miles
Sherwin-Williams Paint Store Home Improvements & Furnishings
562 visits/mo 0.1 miles
Fisher Auto Parts Shops & Services
205 visits/mo 0.3 miles

Demographics for 24426, VA

13,695
Population
7,249
Households
1.9
Avg Household Size
47
Median Age
13%
College-Educated
91%
High-School Grad
363.7 sq mi
ZIP Area
38
Density / Sq Mi
$51,841
Median Household Income
$34,937
Median Earnings
$808
Median Rent
$113,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Mixed-use property - Remodeled commercial property with a kitchen, flexible interior spaces, and a separate apartment entrance.
Where is this mixed-use property located?
The property is located at 201 N Court Ave Covington, VA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 6,470 square feet of property size; One‑bedroom apartment with separate Court Ave. entrance; Commercial kitchen with operating hood and instant gas hot water
More about this property
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