208 Commerce St Marion, VA 24354
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.