Live-Work Space with Two-Bed
For Sale
$120,000
5239 Us Hwy 421, Pennington Gap, VA 24277
COMMERCIAL - Pennington Gap, VA
Property Size2,000 SF
Lot Size0.50 Acres
Price / SF$60
Days on Market413
Property Features for 5239 Us Hwy 421
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Com_Industrial
Subdivision
Not In Subdivision
Directions
From Big Stone Gap, travel towards Pennington Gap. Property is at the corner of Morgan Ave and US HWY 421 beside Walgreens. From Duffield, travel on US HWY 421 to Pennington Gap. Property will be on your left. Sign in front. GPS friendly.
Standard status
Active
APN
23e-(62) 1-5, 17-20
Size
2,000 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Annual Amount
957
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump, Central Air
Water source
Public
Building Details
Year built
1960
Building materials
Block
Roof type
Metal
Listing Agency:
Ridgeview Real Estate
(276) 328-0055
Listed By:
Virginia Roberts · License #0225239196
(276) 219-2213
Added: Jul 10, 2025
Changed: Aug 4
Last Checked: Aug 26 at 5:06AM
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 live-work property features a solid block commercial building with a 2-bedroom, 1-bath apartment on the upper level and a lower level designed for practical workspace use. The apartment has updated electrical and is separately metered from the lower level, supporting live-work or rental scenarios. The lower level includes two spacious garage bays, and each bay has its own large rear storage room with gravel flooring, suitable for workshop, storage, or light industrial use. The building is topped with a metal roof and was built in 1960. Heating is electric and via heat pump, and cooling is provided by heat pump and central air.
The property sits on a 0.5-acre lot and is zoned Com_Industrial. Public water and public sewer are available, and the site also includes secondary water and sewer hookups that may support future expansion. Located at 5239 US Hwy 421 in Pennington Gap, the building is described as being on a busy highway for visibility.
With its mixed-use layout, separate metering, and garage-and-storage configuration, the property is positioned for tenants seeking flexible space that combines an upper residence with functional work area below.
The property sits on a 0.5-acre lot and is zoned Com_Industrial. Public water and public sewer are available, and the site also includes secondary water and sewer hookups that may support future expansion. Located at 5239 US Hwy 421 in Pennington Gap, the building is described as being on a busy highway for visibility.
With its mixed-use layout, separate metering, and garage-and-storage configuration, the property is positioned for tenants seeking flexible space that combines an upper residence with functional work area below.
Key Highlights
- 0.5‑acre Com_Industrial live‑work property with a 2‑bedroom, 1‑bath apartment
- Apartment has updated electrical and is separately metered from the lower level
- Two garage bays on the lower level, each with a large rear storage room
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Block live-work building on a 0.5-acre lot with a 2-bedroom, 1-bath apartment, separately metered from the lower level.
Where is this live-work space 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: 0.5‑acre Com_Industrial live‑work property with a 2‑bedroom, 1‑bath apartment; Apartment has updated electrical and is separately metered from the lower level; Two garage bays on the lower level, each with a large rear storage room
