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Mixed-Use Building with Apartments
New
For Sale
$699,000

402 Wood Ave E, Big Stone Gap, VA 24219

A street-level brewery tenant operates below four furnished apartments used for short-term stays.

Property Size10,980 SF
Price / SF$63.66
Days on Market6

Property Features for 402 Wood Ave E

General Information

Standard status Active
Size 10,980 SF

Building Details

Year Built 1900
Buildings 1
Construction ashlar block
Listing Agency: ReMax Mountain
Listed By: Amy Hubbard · License #0225229270
Source: Exprealty
Added: Oct 25 Changed: Oct 30 Last Checked: Oct 30 at 2:23PM

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 ReMax Mountain

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Investment Insights

Based on property information with market context.

At 402 Wood Ave E, this 10,980-square-foot mixed-use building combines a commercial space on the ground floor with four apartments upstairs. The apartments each have two bedrooms and one bathroom and are furnished for short-term rental use. Big Cherry Brewery occupies the first-floor space, bringing restaurant and brewery operations to the property.

Built in 1900, the building has an ashlar block exterior and a new roof. It is identified as the only building on the 400 block to remain standing after Big Stone Gap’s 1908 fire. The property stands in downtown Big Stone Gap, Virginia.

Key Highlights

  • 10,980‑square‑foot mixed‑use building at 402 Wood Ave E
  • Four upstairs apartments, each with 2 bedrooms and 1 bathroom
  • Apartments are furnished and operated as short‑term rentals

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

C Group Insurance Insurance Agency Big Cherry Brewing ... Production Facility

Suggested Use

Top Pick Dental Office HVAC Service Building Supply Plumbing Service Kitchen & Bath Showroom Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

406
Businesses Nearby

Demographics for 24219, VA

10,429
Population
4,473
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
85%
High-School Grad
72.8 sq mi
ZIP Area
143
Density / Sq Mi
$52,303
Median Household Income
$31,661
Median Earnings
$808
Median Rent
$161,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A street-level brewery tenant operates below four furnished apartments used for short-term stays.
Where is this mixed-use property located?
The property is located at 402 Wood Ave E Big Stone Gap, VA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 10,980‑square‑foot mixed‑use building at 402 Wood Ave E; Four upstairs apartments, each with 2 bedrooms and 1 bathroom; Apartments are furnished and operated as short‑term rentals
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