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Medical Office with Four Offices
For Sale
$188,000

255 Riverside Dr, Bassett, VA 24055

Commercial Sale, Bassett, VA

Property Size1,456 SF
Lot Size0.67 Acres
Price / SF$129.12
Days on Market136

Property Features for 255 Riverside Dr

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 2
Rooms Bathroom 2, Bathroom 1
Subdivision Bassett
Standard status Active
Size 1,456 SF
Lot size 0.67 Acres

Building Details

Year built 1984
Floors in Building 1
Listing Agency: Cockram Realty, LLC
Listed By: Missy Bateman
Added: Apr 17 Changed: Aug 20 Last Checked: Aug 30 at 8:06PM
MLS# 150048

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 1,456-square-foot medical office property occupies a 0.67-acre level lot and was built in 1984. The interior includes a waiting area, reception space, work area, four offices, two half baths, and a storage room with a separate rear entrance. Recent property updates include newer gutters, a newer roof, and electrical improvements.

The property is located at 255 Riverside Dr in Bassett, across from Stanleytown Rehabilitation Center. Parking is available on site. An existing tenant occupies the building under a month-to-month lease with a 30-day release clause and currently pays electric, water, sewer, and natural gas expenses. The property is offered as-is, where-is, with no seller-paid repairs.

Key Highlights

  • 1,456 SF medical office building on a 0.67‑acre level lot
  • Four offices plus waiting area, reception space, work area, storage, and two half baths
  • Built in 1984 with newer gutters, roof, and electrical upgrades

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Building Supply Pharmacy

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

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

97
Businesses Nearby
Well-served
Demand for This Use

Demographics for 24055, VA

12,236
Population
6,273
Households
2
Avg Household Size
49
Median Age
15%
College-Educated
80%
High-School Grad
86.6 sq mi
ZIP Area
141
Density / Sq Mi
$41,733
Median Household Income
$35,686
Median Earnings
$524
Median Rent
$113,900
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?
Medical Office Space - Existing reception, waiting, storage, and parking support continued professional office use.
Where is this medical office space located?
The property is located at 255 Riverside Dr Bassett, VA.
What is the asking price?
The asking price for this property is $188,000.
What are key features of this property?
This property features: 1,456 SF medical office building on a 0.67‑acre level lot; Four offices plus waiting area, reception space, work area, storage, and two half baths; Built in 1984 with newer gutters, roof, and electrical upgrades
More about this property
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