730 Church St E Martinsville, VA 24112
For Lease
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This exceptional investment opportunity presents 213,869 square feet of retail, office, and restaurant space within the Patrick Henry Mall, situated on a 16.6-acre lot in Martinsville, Virginia. The property, located at 730 Church St E, boasts a prime location in the Southern Virginia submarket, with convenient access via Brookdale Street. Built in 1962 and zoned C-N (APN 000137300), the mall offers multiple tenancy options with spaces ranging from 2,300 to 84,085 contiguous square feet. Seven spaces are currently available, ideal for a variety of executive office uses. The property benefits from its established tenant mix, including a CVS Pharmacy directly adjacent, and presents significant redevelopment potential for larger suites. The property's extensive size and strategic location in Henry County, VA (zip code 24112), make it an attractive proposition for businesses seeking a prominent presence in the area. This well-maintained property offers a blend of established retail and service tenants, providing a strong foundation for future growth and profitability. The minimum divisible space is 2,300 square feet.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-N · Martinsville, VAMartinsville. Always verify with local authorities before improvements.
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.