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    1706 Virginia Ave Martinsville, VA 24112

    Sponsored
    For Sale
    $365,000

    Fast food restaurant, high traffic area, $365,000

    Property size:
    2,048 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This freestanding fast-food restaurant with a drive-thru is ideally situated between Collinsville and Martinsville, Virginia. Boasting 2,048 square feet on a 0.46-acre lot, this property enjoys excellent visibility and accessibility near the intersection of Virginia Ave/Business US 220 N and English Rd, providing easy access to Commonwealth Blvd. The building, constructed in 1975, benefits from a B1 Commercial zoning designation and features 93 feet of road frontage. Its prime location on a heavily trafficked retail corridor sees approximately 16,000 vehicles per day. Nearby established retailers include Lowe's Home Improvement, Walmart, and ALDI, ensuring high consumer traffic. The property's parcel ID is 20862. This presents a significant opportunity for owner-users or investors seeking a well-positioned fast-food establishment with strong potential for growth. The asking price is $365,000. Signage opportunities are available.

    Property Features for 1706 Virginia Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,048 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1975

    HighLights

    • $365,000 asking price for this 2,048 SF retail property.
    • Freestanding fast‑food building with drive‑thru in Martinsville, VA.
    • 0.46‑acre lot, centrally located between Collinsville and Martinsville, near major retailers.
    • Built in 1975, zoned B1 Commercial.
    • High traffic count of 16,000 vehicles per day on a major retail corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy Wholesale Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville City
    State
    Virginia
    Longitude
    -79.9061209
    Latitude
    36.7032979

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    • $365,000
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      Retail Building on High-Traffic Corridor

      2,048 SF retail building on 0.46 acre lot.
      1706 Virginia Ave, Martinsville, VA 24112
      View Details

    FAQs

    What type of property is this?
    Restaurant - Fast food restaurant, high traffic area, $365,000
    Where is this restaurant located?
    The property is located at 1706 Virginia Ave Martinsville, VA.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: $365,000 asking price for this 2,048 SF retail property.; Freestanding fast-food building with drive-thru in Martinsville, VA.; 0.46-acre lot, centrally located between Collinsville and Martinsville, near major retailers.
    (843) 352-3394
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    1706 Virginia Ave Martinsville, VA 24112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1706 Virginia Ave Martinsville, VA 24112
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