Two-Building Mixed-Use
For Sale
$229,999
Pending
803 S Lexington Ave, Covington, VA 24426
Commercial Sale, Covington, VA
Property SizeContact for details
Lot Size0.54 Acres
Days on Market784
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 2, Bathroom 1
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
(540) 992-2525
Listed By:
MICHAEL TRANI
(540) 960-0550
Added: Aug 23, 2024
Changed: Oct 8
Last Checked: Oct 15 at 10:06AM
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.
This mixed-use property includes two commercial buildings on a 0.54-acre parcel. Built in 1932, the structures feature brick construction, shingle roofs, laminate and carpet flooring, heat pump heating and cooling, two bathrooms, public water, and public sewer. The upstairs areas provide space identified for possible apartments or additional office use, while the buildings have also been identified as candidates for conversion to a mechanic’s shop.
The property is located at 803 S Lexington Ave in Covington, Virginia, within M1 zoning. Both buildings were rented earlier this year, providing an established history of commercial occupancy. The combination of two existing structures, upper-level space, and public utilities supports a range of mixed-use planning considerations, subject to applicable approvals and requirements.
The property is located at 803 S Lexington Ave in Covington, Virginia, within M1 zoning. Both buildings were rented earlier this year, providing an established history of commercial occupancy. The combination of two existing structures, upper-level space, and public utilities supports a range of mixed-use planning considerations, subject to applicable approvals and requirements.
Key Highlights
- Two commercial buildings on 0.54 acres
- M1 zoning with public water and public sewer
- Brick construction dating to 1932
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial buildings with upstairs space suited for office or apartment conversion, subject to applicable requirements.
Where is this mixed-use property 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: Two commercial buildings on 0.54 acres; M1 zoning with public water and public sewer; Brick construction dating to 1932
