Martinsville, VA Gas Station
For Sale
$800,000
870 Preston Rd, Martinsville, VA 24112
Prime Real Estate & High-Cash-Flow Business in Martinsville, VA
Property Size4,000 SF
Price / SF$200
Days on Market339
Property Features for 870 Preston Rd
General Information
Standard status
Active
Property type
Gas stations, Automotive properties, Retail properties & Spaces
Size
4,000 SF
Class
C
Total Parking Spaces
10
Building Details
Year Renovated
2023
Added: Nov 9, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
Located right off the US-58 and US-220 Business interchange in Martinsville, VA, this Marathon-branded gas station and convenience store represents a premium investment opportunity. The sale includes a ready-to-activate auto service garage and a high-potential food service operation. The convenience store currently generates approximately $50,000 per month in inside sales, with pizza sales contributing $10,000 per month. Fuel volume is around 20,000 gallons per month, with a strong margin of $0.20 per gallon. Additional income streams include ATM commissions of $300 per month and lottery commissions of $700 per month. A significant upside exists with the potential to reactivate machine income (games/vending), which has a proven history of generating $20,000 per month. The integrated auto service garage, featuring a dedicated 1-bay space with an underground oil change ramp, is ready for immediate activation for quick lube, state inspections, and minor repairs. The kitchen is fully equipped, and the deli section can be relaunched to potentially generate an additional $10,000 per month, boosting total food service revenue to approximately $20,000 per month. The gas company covers all maintenance for the gas pumps and the register system, reducing operational costs for the owner. The property size is 4000 square feet.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Gas station - Prime Real Estate & High-Cash-Flow Business in Martinsville, VA
Where is this gas station located?
The property is located at 870 Preston Rd Martinsville, VA.
What is the asking price?
The asking price for this property is $800,000.
