Mixed-Use Property With
New
For Sale
$675,000
Pending
208 W MAIN STREET, Stanley, VA 22851
Combines residential units with restaurant and separate commercial space in a multi-building property.
Property Size9,540 SF
Days on Market5
Property Features for 208 W MAIN STREET
General Information
Standard status
Pending
Size
9,540 SF
Property subtype
Commercial
Building Details
Year Built
1989
Listing Agency:
Bill Dudley & Associates Real Estate, Inc
(540) 743-4663
Listed By:
Judith A Bell · License #0225149519
(540) 860-2100
Source:
Cummingsrealtors
Added: Sep 20
Changed: Sep 22
Last Checked: Sep 24 at 8:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bill Dudley & Associates Real Estate, Inc
Investment Insights
Based on property information with market context.
This mixed-use property includes an 8-apartment building measuring approximately 8,322 square feet, with an approximately 1,218-square-foot restaurant area incorporated into the same structure. The restaurant has been inactive for many years and is being sold as-is; any future use remains subject to zoning and required approvals. A separate 2,255-square-foot commercial building adds independent business, office, or retail space and includes a heat pump with central air.
The apartment and restaurant building is located at 208 W. Main Street, while the separate commercial building is addressed at 190 W. Main Street in Stanley, Virginia. Both improvements are included under Tax Map ID #71A5-A-31. The apartment building was constructed in 1989. Showings of the apartments and restaurant require at least 48 hours' notice; the separate commercial building can be shown with less notice.
The apartment and restaurant building is located at 208 W. Main Street, while the separate commercial building is addressed at 190 W. Main Street in Stanley, Virginia. Both improvements are included under Tax Map ID #71A5-A-31. The apartment building was constructed in 1989. Showings of the apartments and restaurant require at least 48 hours' notice; the separate commercial building can be shown with less notice.
Key Highlights
- 8‑apartment building with approximately 8,322 square feet
- Approximately 1,218‑square‑foot restaurant area within the apartment building
- Separate 2,255‑square‑foot retail/commercial building
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
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Business Placement
Demographics for 22851, VA
5,771
Population
2,544
Households
2.3
Avg Household Size
46
Median Age
9%
College-Educated
81%
High-School Grad
55.0 sq mi
ZIP Area
105
Density / Sq Mi
$57,662
Median Household Income
$33,758
Median Earnings
$843
Median Rent
$192,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines residential units with restaurant and separate commercial space in a multi-building property.
Where is this mixed-use property located?
The property is located at 208 W MAIN STREET Stanley, VA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 8‑apartment building with approximately 8,322 square feet; Approximately 1,218‑square‑foot restaurant area within the apartment building; Separate 2,255‑square‑foot retail/commercial building
