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Flex Space with Two Bays
For Sale
$160,000

501 S Center St, Richlands, VA 24641

Commercial Sale, Richlands, VA

Property Size2,100 SF
Lot Size0.10 Acres
Price / SF$76.19
Days on Market34

Property Features for 501 S Center St

General Information

Property type Commercial Sale
Property subtype Other
Zoning B2
Parking 1
Parking features Covered
Exterior features Rain Gutters, Lighting, Loading Docks
Fencing Fenced
Lot features Approved Plat Map, City Lot, Landscaped
Directions North out of Abingdon on US-19 N off Porterfield Hwy. Approx. 30 miles, approaching Lebanon, US-19 merge with US-460 East/West. Keep left to follow US-19 N/US-460 Toward Claypool HIll 11 miles toward Richlands. Proceed to Front Street drive about 0.7 miles through main 2nd Street. Continue down S 2nd Street for 1 mile destination on the left.
Subdivision Richlands
Standard status Active
APN 105A813
Size 2,100 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Parcel 105A813 approx .097 acre
Tax Annual Amount 266
Legal Description Parcel 105A813 approx .097 acre

Utilities

Sewer type Public Sewer
Heating system Propane (Heating)
Cooling system Ceiling Fan(s)
Water source Public

Amenities

mini-apartment
multi-use space

Building Details

Year built 1985
Flooring type Concrete
Building materials Block, Concrete, Metal Siding, Steel Frame
Roof type Metal
Listing Agency: Highlands Real Estate | Sea Glass
Listed By: Caroline Blevins · License #381649
Added: Jul 20 Changed: Aug 22 Last Checked: Aug 22 at 3:06PM
MLS# 111065

Copyright © 2026 Southwest Virginia 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 2,100-square-foot flex property on a 0.1-acre lot includes a two-bay garage configuration, a separate mini-apartment, and additional space suited to storage or commercial business use. The building was constructed in 1985 with a steel frame, metal siding, block, and concrete construction. Concrete flooring, a metal roof, rain gutters, lighting, and propane heating are also provided.

Located at 501 S Center St in Richlands, Virginia, the property includes loading docks, covered parking, fencing, public water, and public sewer. The two independent bays can support vehicle maintenance, workshop functions, or commercial equipment storage, while the self-contained living area adds a separate interior component within the building.

Key Highlights

  • 2,100 square feet on a 0.1‑acre lot
  • Two independent garage bays
  • Self‑contained mini‑apartment

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Bakery (Bike/Boat/Book/etc) Store Garden Center

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

2
Service bays

Location Intelligence

Trade Area within ½ mile

410
Businesses Nearby
Under-served
Demand for This Use

Demographics for 24641, VA

5,377
Population
2,830
Households
1.9
Avg Household Size
43
Median Age
14%
College-Educated
85%
High-School Grad
19.4 sq mi
ZIP Area
277
Density / Sq Mi
$37,044
Median Household Income
$40,087
Median Earnings
$823
Median Rent
$103,900
Median Home Value

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - B2-zoned building with covered parking, loading docks, and a self-contained living area.
Where is this flex space located?
The property is located at 501 S Center St Richlands, VA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 2,100 square feet on a 0.1‑acre lot; Two independent garage bays; Self‑contained mini‑apartment
More about this property
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