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Two-Level Office Building
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8 LESTER ST, Martinsville, VA 24112

Vacant commercial building with open main-level areas, private offices, conference rooms, and a substantial parking area.

Property Size13,216 SF
Lot Size0.50 Acres
Price / SF$67.72
Days on Market69

Property Features for 8 LESTER ST

General Information

Standard status Active
Size 13,216 SF
Lot size 0.50 Acres
Property subtype Retail, Office, Mixed Use
Zoning C-UB

Property Condition

Severity Repairs Needed
Evidence easily renovated

Amenities

large parking lot

Building Details

Year Built 1965
Buildings 1
Stories 2
Units 1
Listing Agency: Wilkins & Co Realtors
Listed By: Diron Clements · License #0225193245
Source: Crexi
Added: Jun 24 Changed: Aug 31 Last Checked: Aug 4 at 2:54AM

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 Wilkins & Co Realtors

Investment Insights

Based on property information with market context.

This vacant two-story office property provides more than 13,000 square feet across two levels. The main floor combines broad open areas with larger private offices, while the upper level includes multiple offices and conference rooms. The existing layout offers a range of interior spaces within one commercial building.

The property is located at 8 Lester St in UpTown Martinsville, Virginia, an area identified as historic and experiencing growth. A large parking lot occupies approximately 0.5 acres. The building was previously occupied by Bank of America and HomeTown Bank and is now positioned for renovation and repurposing. Source information identifies potential configurations including retail or office uses on the main floor and residential space upstairs.

Key Highlights

  • 13, 000+ sq ft building arranged across 2 levels
  • Main floor includes open areas and large offices
  • Upper level features several offices and conference rooms

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Storage Facility Kitchen & Bath Showroom HVAC 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

1,183
Businesses Nearby

Demographics for 24112, VA

30,978
Population
15,999
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
86%
High-School Grad
151.3 sq mi
ZIP Area
205
Density / Sq Mi
$47,059
Median Household Income
$34,100
Median Earnings
$770
Median Rent
$119,200
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
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Frequently Asked Questions

What type of property is this?
Office building - Vacant commercial building with open main-level areas, private offices, conference rooms, and a substantial parking area.
Where is this office building located?
The property is located at 8 LESTER ST Martinsville, VA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 13, 000+ sq ft building arranged across 2 levels; Main floor includes open areas and large offices; Upper level features several offices and conference rooms
(276) 299-2166 Call to check price and availability
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