721 E 5th St N, Big Stone Gap, VA 24219

Listing Agency: ReMax Mountain

Listed By: Amy Hubbard · License #0225229270 Show Phone

Source: Exprealty

Added: Oct 12 Changed: Nov 8 Last Checked: Nov 8 at 3:35PM

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Investment Insights

Based on property information with market context.

This automotive property occupies locations on either side of 5th Street in Big Stone Gap. The site previously operated as a car dealership, and the commercial space is offered for rent. Its configuration may suit automotive, retail, service, or combined business uses, as described for the property.

Residential or mixed-use redevelopment concepts are also mentioned, subject to zoning and required approvals. The address is 721 E 5th St N.

Key Highlights

• Property situated on both sides of 5th Street
• Previously operated as a Chrysler, Dodge and Jeep dealership
• Potential automotive, retail or service uses, subject to applicable approvals

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

My Town CDJR Car Dealership Auto World of Big ... Car Dealership My Town Chrysler, ... Car Dealership Auto World Big ... Car Dealership

Suggested Use

Top Pick Building Supply Dental Office HVAC Service Plumbing Service Bakery Kitchen & Bath Showroom

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

305

Businesses Nearby

10k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 89% Dining 11%

Dollar General Shops & Services

4,946 visits/mo 0.3 miles

Advance Auto Parts Shops & Services

1,715 visits/mo 0.3 miles

O'Reilly Auto Parts Shops & Services

1,156 visits/mo 0.3 miles

Pizza Plus Dining

1,116 visits/mo 0.1 miles

My Town Chrysler Dodge Jeep Ram Shops & Services

958 visits/mo 0.0 miles

Demographics for 24219, VA

10,429

Population

4,473

Households

2.3

Avg Household Size

42

Median Age

16%

College-Educated

85%

High-School Grad

72.8 sq mi

ZIP Area

143

Density / Sq Mi

$52,303

Median Household Income

$31,661

Median Earnings

$808

Median Rent

$161,300

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

Similar For Rent Nearby

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102 E 5th Street, Big Stone Gap, VA 24219

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1,858 sqft

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Corner Auto Shop Property

1809 E 2nd Avenue, Big Stone Gap, VA 24219

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1,400 sqft

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Similar Off Market Nearby

• U-Haul Neighborhood Dealer — 320 Shawnee Ave E, Big Stone Gap, VA 24219

Frequently Asked Questions

What type of property is this?

Automotive property - The offering includes property on both sides of 5th Street in Big Stone Gap.

Where is this automotive property located?

The property is located at 721 E 5th St N Big Stone Gap, VA.

What is the lease rate?

The lease rate is $1,725,000.

What are key features of this property?

This property features: Property situated on both sides of 5th Street; Previously operated as a Chrysler, Dodge and Jeep dealership; Potential automotive, retail or service uses, subject to applicable approvals