40480-40494 West Morgan Avenue, Pennington Gap, VA 24277

Building Details

Year Built

1998

Listing office t***@ira-realty.com Show Phone

Listing date Jun 25, 2026

Source Ira-realty

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 Tommy Perrigan

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Overview

This 9,500-square-foot strip center is configured as a multi-tenant property with three units and is reported to be 100% occupied. The current tenant roster includes American Rental, Planet Vapor, and Cornerstone Therapy Services, representing both retail and service uses. The offering is situated on 0.685 acres and is designed to support straightforward tenant occupancy within a compact commercial layout.

The property is located at 40480–40494 West Morgan Avenue in Pennington Gap, Virginia, with frontage on W Morgan Avenue. The stated frontage and on-site acreage help define the center’s presence along the primary commercial corridor, supporting convenient customer access for the existing tenants.

For buyers and investors seeking a stabilized, income-producing commercial asset, the key reported attribute is the current long-term tenant occupancy. For prospective tenants, the existing tenant mix indicates an established environment for retail and personal-service activity within the same center, with continued operations by three named occupants. Please note that specific unit availability was not provided; prospective parties should confirm current leasing terms and any changes to occupancy directly with the managing broker.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Pennington Gap

County

Lee

State

Virginia

Longitude

-83.046642

Latitude

36.7494439

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FAQs

What type of property is this?

Strip mall - Well-occupied strip center featuring long-term tenants, providing an established retail and service mix.

Where is this strip mall located?

The property is located at 40480-40494 West Morgan Avenue Pennington Gap, VA.

What is the lease rate?

The lease rate is $599,000.

What are key features of this property?

This property features: 9,500 SF strip center built in 1998; 100% occupied with long‑term tenants: American Rental, Planet Vapor, and Cornerstone Therapy Services; Frontage on W Morgan Avenue on 0.685 acres