Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Equipped Take-Out Restaurant Property Title is generated by Realmo AI

    534 S MAIN ST, Marion, VA 24354

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Turnkey take-out restaurant setup with a detached storage building, including electricity and multiple freezers, plus two parcels included.

    Type:Retail
    Property size:
    880 SF
    Price / SF:
    $339/SF
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 5:08 am

    Property Features for 534 S MAIN ST

    General Information

    Standard status
    Active
    Size
    880 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1966

    We can help!

    Listing Contact
    Joe Robinson

    Listing agent Joe Robinson License #VA

    Listing office Highlands Realty, Inc. Marion

    Listing date May 29, 2026

    Source Crexi

    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 Highlands Realty, Inc. Marion

    HighLights

    • 1966‑built commercial property operating as a take‑out pizza parlor
    • Property is set up for food service with equipment and a layout designed for efficient operations
    • Detached storage building includes electricity and multiple freezers for additional inventory or prep
    • Two parcels included, providing added land for expansion or future development
    • Includes a turnkey take‑out restaurant setup for immediate continuation of the business

    Overview

    This sale includes a long-running, family-owned commercial restaurant property currently operating as a take-out pizza parlor. The building is set up for food service with an efficient layout and ample workspace, along with the equipment needed to continue the concept with minimal disruption. In addition to the main structure, there is a detached storage building with electricity and multiple freezers, providing useful extra space for inventory, prep, or additional storage needs.

    The property is located at 534 S MAIN ST, MARION, VA. The sale includes two parcels, giving the owner extra land for flexibility in how the site can be used and developed over time.

    For an operator or owner-user, the turnkey nature of the restaurant buildout and included food-service equipment supports a straightforward continuation of the existing take-out operation. The two-parcel configuration and the on-site detached storage also provide practical staging and expansion options for businesses that need room for inventory, additional refrigeration, or outdoor areas, depending on the direction of the operation. Buyers seeking a commercially oriented, food-service-ready property with room to adapt should schedule a showing to review the equipment, layout, and additional parcel(s) firsthand.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    Marion
    County
    Smyth
    State
    Virginia
    Longitude
    -81.5280751
    Latitude
    36.8279458

    Nearby Similar for Sale

    • $2,550,000
      15,348 SF

      Multi-Tenant Medical and Retail Buildings

      Two-building commercial property with five income-producing addresses, extensive recent upgrades, and substantial road frontage for visibility and access.
      929 N Main, Marion, VA 24354
      View Details
    • $1,362,500
      26,460 SF

      Marion Warehouse/Office Complex For Sale

      26,460 sqft warehouse/office complex with investment potential in downtown Marion.
      236* E High Street, Marion, VA 24354
      View Details
    • $2,550,000
      15,348 SF

      Medical Office and Retail Property

      Two-building, multi-tenant medical office and retail property with recent renovations, ample parking, and substantial road frontage.
      929 N Main Street, Marion, VA 24354
      View Details
    • $355,000
      11,801 SF

      Downtown Marion Commercial Opportunity

      Commercial space in downtown Marion, ready for your dream business.
      221 W Main Street, Marion, VA 24354
      View Details
    • $299,000
      880 SF

      Established Restaurant Opportunity in Marion

      Commercial property with established business, ready for new ownership.
      534 S Main, Marion, VA 24354
      View Details
    • $59,000

      Commercial Lot on Highway 16

      Level commercial lot near I-81 Exit 45 in Marion, VA.
      Highway 16 lot: 64, Marion, VA 24354
      View Details
    • Contact for pricing
      2,500 SF

      Starbucks NNN Investment Opportunity

      New construction Starbucks with corporate lease and rental increases.
      1209 N Main St, Marion, VA
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey take-out restaurant setup with a detached storage building, including electricity and multiple freezers, plus two parcels included.
    Where is this conventional restaurant located?
    The property is located at 534 S MAIN ST Marion, VA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 1966‑built commercial property operating as a take‑out pizza parlor; Property is set up for food service with equipment and a layout designed for efficient operations; Detached storage building includes electricity and multiple freezers for additional inventory or prep
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joe Robinson
    Real Estate License ID: VA
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    534 S MAIN ST, MARION, VA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!