Mixed-Use

Pennington Gap, VA Mixed-use Properties for Sale

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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 6 Potential Opportunities for your consideration. Besides 1 Active listings in Pennington Gap, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Mixed-Use Property with Apartment
Mixed-Use Property with Apartment

1108 E Main Street, Cumberland, KY 40823

$399,000
1,845 sqft 0.58 AC lot

Retail operations occupy the lower level, with a remodeled apartment above and rear access for deliveries.

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Mixed-Use Property with Apartment
Mixed-Use Property with Apartment

1108 E Main St, Cumberland, KY 40823

$399,000
1,845 sqft

Retail operations, on-site living space, loading access, and additional rear land create a flexible commercial configuration.

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Mixed-Use Property with Four Rentals
Mixed-Use Property with Four Rentals

13070 N Us Highway 119, Totz, KY 40870

$427,000
2.70 AC lot

Commercial building and residential rentals create a combined mixed-use configuration.

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Mixed-Use Property with Rentals
Mixed-Use Property with Rentals

13070 N U.S. 119, Totz, KY 40870

$427,000
6,084 sqft 2.72 AC lot

Includes a commercial building and four residential rentals on a shared parcel with highway frontage.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land with Block Building
Commercial Land with Block Building

1018 Martin Luther King Jr. Drive, Kingsport, TN 37660

$108,000
2,450 sqft

Level commercial parcel with an existing block structure, public utilities, and PVD zoning for mixed-use development.

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Pennington Gap, VA Mixed-Use Properties Market Trends and Statistics

Explore 1 mixed-use properties 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 multi use buildings 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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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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