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Two-Building Auto Shop Conversion Property
For Sale
$229,999
Pending

803 S Lexington Ave, Covington, VA 24426

COMMERCIAL - Covington, VA

Property SizeContact for details
Lot Size0.54 Acres
Days on Market724

Property Features for 803 S Lexington Ave

General Information

Property type Commercial Sale
Property subtype Other
Zoning M1
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2
Directions I64 to Exit 14 Make a left-At second traffic light make a right, Property is on right across from car dealership.
Subdivision 2600 - City of Covington
Standard status Pending
APN 18-A-18 & 18-A-17
Lot size 0.54 Acres

Taxes and HOA fees

Tax Annual Amount 1527

Utilities

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

Building Details

Year built 1932
Floors in Building 2
Flooring type Laminate, Carpet
Building materials Brick
Roof type Shingle
Listing Agency: RE/MAX ALL STARS · RE/MAX International
Listed By: MICHAEL TRANI
Added: Aug 23, 2024 Changed: Aug 4 Last Checked: Aug 16 at 4:06AM
MLS# 910284

Copyright © 2026 Roanoke Valley Association of Realtors. 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.

Two brick commercial buildings offer a flexible conversion opportunity for an auto shop or related uses. The property includes carpet and laminate flooring, heat pump heating and cooling, and a shingle roof. Both buildings had been rented out until earlier this year, and the upstairs space may be adapted for additional office space or apartments, depending on the end use.

The site sits on a 0.54-acre lot with public water and public sewer service. Zoned M1, the property is positioned for light industrial and similar manufacturing or automotive-oriented uses under the local zoning framework.

Built in 1932, the buildings include two bathrooms, with heating and cooling provided via heat pumps. The configuration supports a range of practical redevelopment concepts for owners and tenants seeking an automotive-focused facility with adaptable interior space.

Key Highlights

  • M1 zoning on a 0.54‑acre lot
  • Two brick commercial buildings with potential auto shop conversion
  • Heat pump heating and cooling

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Dental Office Parking Lot & Garage Electrical Service Bakery Skin Care Clinic (Bike/Boat/Book/etc) Store

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

476
Businesses Nearby
89k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 44% Dining 31% Groceries 17% Apparel 4%
Food Lion Grocery Store Groceries
15,277 visits/mo 0.1 miles
Hardee's Dining
12,047 visits/mo 0.2 miles
Wendy's Dining
7,298 visits/mo 0.4 miles
KFC Dining
6,854 visits/mo 0.2 miles
Exxon Shops & Services
6,263 visits/mo 0.5 miles

Demographics for 24426, VA

13,695
Population
7,249
Households
1.9
Avg Household Size
47
Median Age
13%
College-Educated
91%
High-School Grad
363.7 sq mi
ZIP Area
38
Density / Sq Mi
$51,841
Median Household Income
$34,937
Median Earnings
$808
Median Rent
$113,600
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
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Similar Off Market Nearby

  • Lacks Towing 1103 S Alleghany Ave, Covington, VA 24426
  • Robby's Automotive 1215 S Dalton Ave, Covington, VA 24426
  • Deweys Automotive llc 609 W Chestnut St, Covington, VA 24426
  • Dad's Auto & Truck Repair 1215 S Dalton Ave, Covington, VA 24426
  • Dad's Auto & Truck Shop s durant rd, covington, va 24426

Frequently Asked Questions

What type of property is this?
Auto shop - Two brick commercial buildings on a 0.54-acre lot in M1 zoning with public utilities and heat pump HVAC
Where is this auto shop located?
The property is located at 803 S Lexington Ave Covington, VA.
What is the asking price?
The asking price for this property is $229,999.
What are key features of this property?
This property features: M1 zoning on a 0.54‑acre lot; Two brick commercial buildings with potential auto shop conversion; Heat pump heating and cooling
More about this property
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