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Former Bank Building with Drive-Through
For Sale
$350,000

702 NW Park Avenue, Norton, VA 24273

COMMERCIAL - Norton, VA

Property Size19,345 SF
Lot Size0.50 Acres
Price / SF$18.09
Days on Market574

Property Features for 702 NW Park Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning B-2
Parking 20
Directions Downtown Norton in the heart of everything, big white building
Subdivision 506 - Wise County
Standard status Active
APN 465-11-8-4
Size 19,345 SF
Lot size 0.50 Acres

Taxes and HOA fees

Tax Annual Amount 919

Utilities

Utilities Phone Available
Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Heat Pump
Water source Public

Building Details

Year built 1926
Building materials Concrete, Stucco
Roof type Rolled Hot Mop, Rubber
Listing Agency: ReMax Mountain
Listed By: Amy Hubbard · License #0225229270
Added: Jan 24, 2025 Changed: Aug 4 Last Checked: Aug 21 at 11:06PM
MLS# 9975360

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.

Former Bank of America building in downtown Norton offering 19,345 finished SF on 0.5 acres across four downtown lots. One lot includes drive-through access and 20 parking spaces. The main floor features multiple spaces that can be leased out, with separate entrances for each area.

Zoned B-2, the building’s layout supports commercial use downstairs, with flexibility to adapt the upper floors to lofts, apartments, or other concepts. Original safes remain in place, including all safety deposit boxes and keys.

Built in 1926 with concrete and stucco exterior materials, the property is served by public water and public sewer, with phone service available. Heating and cooling are provided by heat pumps, and the roof is described as rubber rolled hot mop.

Key Highlights

  • 19,345 finished SF former Bank of America building on 0.5 acres
  • Zoned B‑2
  • Four downtown lots; one lot has drive‑through access

Property Analytics

Current Use

Old Virginia Hemp ... Pharmacy

Suggested Use

Top Pick Real Estate Agency Auto Parts Store HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

362
Businesses Nearby
12k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 72% Hotels & Casinos 17% Dining 12%
Wells Fargo Shops & Services
5,310 visits/mo 0.0 miles
Valero Energy Shops & Services
3,262 visits/mo 0.1 miles
Hampton Inn Hotels & Casinos
2,085 visits/mo 0.4 miles
Pizza Hut Dining
1,473 visits/mo 0.3 miles
Worldwide Equipment Shops & Services
361 visits/mo 0.3 miles

Demographics for 24273, VA

5,730
Population
2,690
Households
2.1
Avg Household Size
42
Median Age
13%
College-Educated
84%
High-School Grad
64.5 sq mi
ZIP Area
89
Density / Sq Mi
$39,797
Median Household Income
$34,863
Median Earnings
$678
Median Rent
$105,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Bank - Former Bank of America building in B-2 zoning, with drive-through access and multiple main-floor spaces with separate entrances.
Where is this bank located?
The property is located at 702 NW Park Avenue Norton, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 19,345 finished SF former Bank of America building on 0.5 acres; Zoned B‑2; Four downtown lots; one lot has drive‑through access
More about this property
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