Property summary
This 12,229 square foot, two-story office building at 433 Commonwealth Blvd E, Martinsville, VA 24112, is available for lease. Built in 1981, this former bank headquarters sits on a 1.1-acre lot and is zoned ED-MA. The property features numerous large private offices, spacious training and meeting rooms, a central reception desk, and a comfortable waiting area. A wide spiral staircase connects the ground and second floors. Flexible space options are available, with a minimum divisible space of 5,734 square feet and a maximum contiguous space of 6,495 square feet. The entire 12,229 square feet is currently vacant and ready for immediate occupancy. Ideal for professional services, back-office operations, medical offices, executive suites, or co-working spaces. The building does not have elevators. The property's excellent condition and convenient location make it a highly desirable opportunity. APN: 000980690.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Food Bank Charitable Organization
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ED-MA Economic Development Medical Campus District (new district) ED-G Economic Development General District (formerly M-1) ED-I Economic Development Intensive District (formerly M-2) TND-O Traditional Neighborhood Devel…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
ED-MA · Martinsville, VAED-MA Economic Development Medical Campus District (new district) ED-G Economic Development General District (formerly M-1) ED-I Economic Development Intensive District (formerly M-2) TND-O Traditional Neighborhood Devel…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ED-MA Economic Development Medical Campus District (new district) ED-G Economic Development General District (formerly M-1) ED-I Economic Development Intensive District (formerly M-2) TND-O Traditional Neighborhood Devel…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ED-MA in Martinsville, VA.
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