Live - Work Space

Pennington Gap, VA Live-work Space for Sale

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Dryden, VA Jonesville, VA Saint Charles, VA Keokee, VA Blackwater, VA Duffield, VA Evarts, KY Lejunior, KY
Mixed-Use Property with Apartment
Updated: Jul 10, 2025
Mixed-Use Property with Apartment

5239 Us Hwy 421, Pennington Gap, VA 24277

$120,000
2,000 sqft 0.50 AC lot
2,000‑square‑foot mixed‑use building on a 0.5‑acre lot
Upper‑level 2‑bedroom, 1‑bath apartment with updated electrical
Apartment is separately metered from the lower level
Two garage bays, each with a large rear storage room
Secondary water and sewer hookups included
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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.

Flexible Mixed-Use Property with Loft
Flexible Mixed-Use Property with Loft

404 Ford Street, Corbin, KY 40701

$777,000
4,313 sqft 0.24 AC lot

C2-zoned property with separate finished space, multiple access points, parking, and updated building systems.

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Mixed-Use Property with Finished Loft
Mixed-Use Property with Finished Loft

404 Ford St, Corbin, KY 40701

$777,000
4,313 sqft

C2 zoning, a separate finished loft, and parking and storage areas support varied commercial configurations.

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Live-Work Property with Workshop
Live-Work Property with Workshop

4925 Hooper Highway, Cosby, TN 37722

$1,500,000
1.30 AC lot

A separate residence sits alongside finished flexible-use space and a large detached garage.

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Live-Work Property with Workshop
Live-Work Property with Workshop

4925 Hooper Hwy, Cosby, TN 37722

$1,500,000

A residence, finished work areas and a powered garage support a live-work setup on one property.

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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%

Total CRE Inventory on Market (SF)

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