Building Details

Year built 1984

Floors in Building 1

Listing Agency: Southern Virginia Properties

Listed By: Elle Wilk · License #VA0225047347 Show Phone

Added: Dec 2, 2025 Changed: Sep 7 Last Checked: Sep 12 at 1:06PM

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MLS# 145617

Copyright © 2026 Martinsville, Henry, Patrick Counties 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 1,424-square-foot bar property was built in 1984 and includes an interior bar, two bathrooms, and an outdoor patio with seating. The patio overlooks a pond, adding an outdoor component to the existing bar layout. The property encompasses 4.491 acres and includes a large parking lot.

Located at 82 Saddleridge Rd in Bassett, Virginia, the property offers access to Fairystone State Park, Goose Point, and Philpott Lake. The former Red & Mae’s property is available for sale as an existing bar-oriented commercial asset with indoor and outdoor spaces.

Key Highlights

• 1,424‑square‑foot property built in 1984
• 4.491‑acre commercial property
• Interior bar with two bathrooms

Property Analytics

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Current Use

Bars & Pubs

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Electrical Service Hair Salon Restaurant Computer & Electronic Repair

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

34

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 24055, VA

12,236

Population

6,273

Households

2

Avg Household Size

49

Median Age

15%

College-Educated

80%

High-School Grad

86.6 sq mi

ZIP Area

141

Density / Sq Mi

$41,733

Median Household Income

$35,686

Median Earnings

$524

Median Rent

$113,900

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

Questions? Ask Rey

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What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Bar & Pub - Includes an interior bar, outdoor seating overlooking a pond, and a parking lot in Bassett.

Where is this bar & pub located?

The property is located at 82 Saddleridge Rd Bassett, VA.

What is the asking price?

The asking price for this property is $179,900.

What are key features of this property?

This property features: 1,424‑square‑foot property built in 1984; 4.491‑acre commercial property; Interior bar with two bathrooms