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    208 Commerce St Marion, VA 24354

    Sponsored
    For Lease
    $16 SF/Yr ($18,910 /Mo)

    14,183 SF, Versatile, Newly Renovated

    Lot size:
    14,183 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A commercial property, located at 208 S Commerce St in Marion, Virginia (zip code 24354), offers 14,183 square feet of versatile space ideal for retail, restaurant, or office use. The single-tenant building sits on a 0.8-acre lot and boasts a newly completed renovation in 2023, presenting a blank canvas for a customized build-out. Built in 1940, the structure has been meticulously updated to meet modern standards. The property is zoned commercial and is available in its entirety (14,183 contiguous square feet), although smaller spaces are divisible down to a minimum of 411 square feet. This presents a unique opportunity for businesses seeking a prominent location in Marion, VA. The property's central location and ample space provide significant potential for a variety of commercial ventures. The flexible layout allows for creative design and efficient use of space, catering to diverse business needs. With its recent renovation, this property offers immediate occupancy and the advantage of modern amenities. Don't miss this chance to establish your business in a revitalized, high-visibility location.

    Property Features for 208 Commerce St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,183 SF
    Class
    A
    Total Rate
    18910.67

    Building Details

    Year Built/Renovated
    1940/2023
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    14,183 SF
    Rate per SF
    $16

    HighLights

    • 14,183 SF Class A commercial building at 208 S Commerce St, Marion, VA 24354.
    • Newly renovated in 2023, offering flexible floorplans for retail, restaurant, or office use.
    • 0.8‑acre lot with adequate parking.
    • Divisible space, minimum 411 SF; entire building also available.
    • Convenient location in Marion, VA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Smyth
    State
    Virginia
    Longitude
    -81.516145895536
    Latitude
    36.83263998307

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Restaurant - 14,183 SF, Versatile, Newly Renovated
    Where is this restaurant located?
    The property is located at 208 Commerce St Marion, VA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 14,183 SF Class A commercial building at 208 S Commerce St, Marion, VA 24354.; Newly renovated in 2023, offering flexible floorplans for retail, restaurant, or office use.; 0.8-acre lot with adequate parking.
    Request Owner's contact information
    208 Commerce St Marion, VA 24354
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    Marion, VA 24354
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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
    208 Commerce St Marion, VA 24354
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