Building Details

Year built 1960

Building materials Block

Roof type Metal

Listing Agency: Ridgeview Real Estate Show Phone

Listed By: Virginia Roberts · License #0225239196 Show Phone

Added: Jul 10, 2025 Changed: Sep 3 Last Checked: Sep 26 at 10:06AM

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MLS# 9982942

Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. 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 mixed-use building contains 2,000 square feet on a 0.5-acre lot. The upper level includes a 2-bedroom, 1-bath apartment with updated electrical service and separate metering from the lower level. Below, two garage bays are paired with large rear storage rooms featuring gravel floors, supporting workshop, storage, or light industrial functions. Block construction, a metal roof, electric heating, heat pump service, and central air complete the improvements.

Located along US Hwy 421 in Pennington Gap, the property has public water and public sewer, plus secondary water and sewer hookups. Its Com_Industrial zoning and combination of residential and commercial space support a range of mixed-use configurations, subject to verification by the buyer. The building dates to 1960.

Key Highlights

• 2,000‑square‑foot mixed‑use building on a 0.5‑acre lot
• Upper‑level 2‑bedroom, 1‑bath apartment with updated electrical
• Apartment is separately metered from the lower level

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Building Supply Parking Lot & Garage Storage Facility Grocery & Convenience Store Auto Repair Shop (Bike/Boat/Book/etc) Store

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

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

105

Businesses Nearby

Explore this area Business Placement

Demographics for 24277, VA

6,463

Population

2,560

Households

2.5

Avg Household Size

40

Median Age

8%

College-Educated

73%

High-School Grad

53.2 sq mi

ZIP Area

121

Density / Sq Mi

$33,102

Median Household Income

$20,797

Median Earnings

$764

Median Rent

$81,200

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

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Block construction combines an upper apartment with lower-level garage and storage space.

Where is this mixed-use property located?

The property is located at 5239 Us Hwy 421 Pennington Gap, VA.

What is the asking price?

The asking price for this property is $120,000.

What are key features of this property?

This property features: 2,000‑square‑foot mixed‑use building on a 0.5‑acre lot; Upper‑level 2‑bedroom, 1‑bath apartment with updated electrical; Apartment is separately metered from the lower level