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Two-Story Mixed-Use Apartment Building
For Sale
$399,900

201 S Main Street, Gretna, VA 24557

Multi-Family, Gretna, VA

Property Size10,004 SF
Lot Size0.26 Acres
Price / SF$39.97
Days on Market291

Property Features for 201 S Main Street

General Information

Property type Residential Multi Family
Property subtype Other
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 4, Bathroom 6, Bathroom 5, Bathroom 2, Bathroom 1, Bathroom 3
Parking features On Street
Elementary school Gretna Elem
Middle school Gretna Midl
High school Gretna High
Elementary school district Pittsylvania
Middle school district Pittsylvania
High school district Pittsylvania
Directions S Main Street to #201.
Subdivision Pittsylvania
Standard status Active
APN 2530-16-3949
Size 10,004 SF
Lot size 0.26 Acres

Taxes and HOA fees

Tax Description MAIN ST .26 AC
Tax Annual Amount 2498
Legal Description MAIN ST .26 AC

Utilities

Heating system Oil, Heat Pump (Heating)
Cooling system Heat Pump, Central Air, Electric

Building Details

Year built 2004
Number of units 8
Listing Agency: Berkshire Hathaway HomeServices Dawson Ford Garbee & Co., REALTORS(R)
Listed By: Robert E Dawson · License #0225036912
Added: Nov 4, 2025 Changed: Aug 19 Last Checked: Aug 22 at 6:06AM
MLS# 362917

Copyright © 2026 Lynchburg Virginia MLS. 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 two-story mixed-use apartment building includes a main-level retail space and seven residential units on the second floor. The residential mix is six efficiency apartments and one 1-bedroom unit. Each unit is equipped with ranges, refrigerators, and insulated windows, and tenants receive central air and heat provided by a separate heat pump. Building heating includes both a heat pump and oil, and the retail space also has oil heat and central air.

The main-level retail space is currently vacant. Parking is available on street. The property was built in 2004 and sits on a 0.26-acre lot with a total property size of 10,004 square feet.

Showings for one apartment unit and the street-level retail space can be scheduled prior to contract signing. The remaining six residential units will be shown post-contract, with buyer approval required at the time of any inspections. The owner covers insurance, electricity for common areas, exterior maintenance, water/sewer, and property taxes.

Key Highlights

  • 0.26‑acre lot with 10,004 SF total building area
  • Two‑story mixed‑use layout with retail on the ground level and 7 residential units above
  • Residential unit mix: 6 efficiency apartments plus 1 one‑bedroom unit

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Parking Lot & Garage Dental Office Electrical Service Garden Center Furniture & Home Goods

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

7
Residential units

Location Intelligence

Trade Area within ½ mile

171
Businesses Nearby

Demographics for 24557, VA

7,550
Population
4,121
Households
1.8
Avg Household Size
51
Median Age
12%
College-Educated
78%
High-School Grad
162.5 sq mi
ZIP Area
46
Density / Sq Mi
$44,948
Median Household Income
$35,633
Median Earnings
$792
Median Rent
$132,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Seven residential units above a main-level retail space, with central air and heat via separate heat pump.
Where is this apartment building located?
The property is located at 201 S Main Street Gretna, 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: 0.26‑acre lot with 10,004 SF total building area; Two‑story mixed‑use layout with retail on the ground level and 7 residential units above; Residential unit mix: 6 efficiency apartments plus 1 one‑bedroom unit
More about this property
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