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    Pennington Gap, VA
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    Pennington Gap, VA Mixed-use Properties for Sale

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    Saint Charles, VA Keokee, VA Jonesville, VA
    Commercial Property with Apartment
    $130,000
    2,000 SF

    Commercial Property with Apartment

    5239 Us Hwy 421, Pennington Gap, VA 24277

    Versatile commercial building with apartment on a half-acre lot.

    • Mixed‑use property with commercial space and a 2‑bedroom apartment
    • Half‑acre lot with secondary water and sewer hookups for expansion
    • Two spacious garage bays with rear storage rooms suitable for workshop or storage
    • Apartment has updated electrical and separate meter
    • Durable metal roof
    Updated: Jul 10, 2025
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Pennington Gap, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 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.

    Downtown Rogersville Dual-Property Investment
    $1,999,900
    9,000 SF

    Downtown Rogersville Dual-Property Investment

    Two adjoining commercial properties in historic downtown Rogersville, Tennessee.

    114 & 116 E Main Street, Rogersville, TN 37857
    View details
    Versatile Investment Opportunity in Mount Carmel
    $389,900
    2,250 SF

    Versatile Investment Opportunity in Mount Carmel

    Income-producing property with development potential in a prime location.

    200 & 202 W Main Street, Mount Carmel, TN 37645
    View details
    Versatile Commercial Land Opportunity
    $795,000
    1,510 SF

    Versatile Commercial Land Opportunity

    24.69 acres of commercial land in Rogersville, Tennessee.

    Tbd12 E Main Street, Rogersville, TN 37857
    View details
    Versatile MX-2 Zoned Land
    $389,000
    2,250 SF

    Versatile MX-2 Zoned Land

    Large lot with development potential and rental income.

    200 & 202 Main Street, Mount Carmel, TN 37645
    View details

    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.

    Prime Commercial Land on Highway
    $550,000
    11.00 Acres

    Prime Commercial Land on Highway

    11 acres of commercial land in growing Church Hill, TN.

    Highway 11w, Church Hill, TN 37642
    View details
    71 Acres Mixed-Use Development Land
    $2,100,000
    70.16 Acres

    71 Acres Mixed-Use Development Land

    71 acres for mixed-use development in Kingsport, Tennessee.

    Shipp Springs Road, Kingsport, TN 37660
    View details
    Kingsport Commercial Lot For Sale
    $108,000
    2,450 SF

    Kingsport Commercial Lot For Sale

    Multi-purpose block building on a commercial lot in Kingsport, TN.

    1018 Martin Luther King Jr. Drive, Kingsport, TN 37660
    View details
    Kingsport Land Parcel on Stone
    $2,100,000
    48.00 Acres

    Kingsport Land Parcel on Stone

    Undeveloped 48-acre parcel with high traffic location and road frontage.

    E Stone Drive, Kingsport, TN 37660
    View details

    Pennington Gap, VA Mixed-Use Properties Investment Opportunities Market Analysis

    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 $130,000.

    Sale prices for multi use buildings in Pennington Gap, VA start at $130,000, averaging $130,000, and reaching up to $130,000 — 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 median listing prices of real estate assets

    Neighborhood Average Price
    24277 $130K

    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%

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