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    Pennington Gap, VA
    Live - Work Space

    Pennington Gap, VA Live-work Space for Sale

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    Saint Charles, VA Dryden, VA Jonesville, VA Keokee, VA Blackwater, VA Duffield, VA Kyles Ford, TN Eidson, TN
    Live-Work Space with Two-Bed Apartment
    Updated: Jul 10, 2025
    Live-Work Space with Two-Bed Apartment

    5239 Us Hwy 421, Pennington Gap, VA 24277

    $120,000
    2,000 sqft 0.50 AC lot
    0.5‑acre Com_Industrial live‑work property with a 2‑bedroom, 1‑bath apartment
    Apartment has updated electrical and is separately metered from the lower level
    Two garage bays on the lower level, each with a large rear storage room
    Rear storage rooms have gravel flooring for workshop or light storage
    Metal roof; built in 1960; electric heat and heat pump heating
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Pennington Gap, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Story Brick Live-Work Building
    Two-Story Brick Live-Work Building

    809 E Sullivan Street, Kingsport, TN 37660

    $319,900
    3,198 sqft 0.16 AC lot

    Two-story brick building with street-level storefront plus an upstairs apartment, with public water and sewer.

    View details
    Highway-Fronted Live-Work Space
    Highway-Fronted Live-Work Space

    7854 E US Highway 19E, Burnsville, NC 28714

    $699,000
    0.65 AC lot

    Two-level property with residential amenities, flexible room configuration, and direct frontage along US Highway 19E.

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    Live-Work Space with Three-Road Access
    Live-Work Space with Three-Road Access

    506 W Main Street, Burnsville, NC 28714

    $995,000
    0.85 AC lot

    Live-work/mixed-use building in the C-3 Highway Business District with access from three roads for strong downtown visibility.

    View details
    Downtown Mixed-Use Live-Work Property
    Downtown Mixed-Use Live-Work Property

    427 & 431 East Sullivan Street, Kingsport, TN 37660

    $450,000
    4,430 sqft

    Two-parcel live-work property with studio apartment, flexible office/retail space, courtyard, and detached rear buildings.

    View details

    Pennington Gap, VA Live-Work Space Market Trends and Statistics

    Explore 1 live-work space for sale in Pennington Gap, VA on our real estate platform. These investment opportunities span a total of 2,000 square feet of properties for sale, with an estimated market value of $120,000.

    Sale prices for live-work properties in Pennington Gap, VA average $120,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 6,379
    Population Growth (5Y) -6.9%
    Median Household Income $33,102
    College Educated 11.0%

    High-Yield Neighborhoods for Investment

    Identify Pennington Gap submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    24277 $120K

    Taxes & Financing

    Tax Rate (average for all types) 2.09%
    Tax Rate vs County Average 0.24 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lee County

    New Delisted

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