Restaurants

Martinsville, VA Restaurants for Sale

Notify Me
List
Map
Collinsville, VA Ridgeway, VA Fieldale, VA Stanleytown, VA Bassett, VA Spencer, VA Axton, VA Oaklevel, VA
Restaurant with Event Space
Updated: Mar 18
Restaurant with Event Space

1420 Virginia Avenue, Martinsville, VA 24112

$199,900
3,935 sqft 0.26 AC lot
3,935‑square‑foot restaurant property on 0.26 acres
Existing commercial kitchen and dining area
Flexible event space for weddings, parties, and gatherings
Currently accommodates restaurant, event center, and ice cream shop operations
Built in 1955
View details
Freestanding Restaurant with Drive-Thru
Updated: Mar 25
Freestanding Restaurant with Drive-Thru

1706 Virginia Avenue, Martinsville, VA 24112

$280,337
2,048 sqft 0.46 AC lot
High Traffic Location: 16,000 VPD on a heavily trafficked retail corridor.
Drive‑Thru: Freestanding fast food restaurant with drive‑thru.
Prime Location: Centrally located between Collinsville and Martinsville, Virginia.
Proximity to Major Retailers: Located near Lowe’s, Walmart, and ALDI.
Commercial Zoning: B1 Commercial zoning.
View details
Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 2 Active listings in Martinsville, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 10 Off-Market properties to explore as potential leads, 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.

Restaurant Building with Kitchen Equipment
Restaurant Building with Kitchen Equipment

2914 Virginia Avenue, Collinsville, VA 24078

$350,000
2,172 sqft 0.39 AC lot

Existing hoods, sinks, dining space, restrooms, and an included walk-in freezer support restaurant use.

View details
Mixed-Use Property with Restaurant
Mixed-Use Property with Restaurant

247 W Kings Hwy, Eden, NC 27288

$450,000
5,200 sqft

Mixed-use property featuring a restaurant and medical office space.

View details
Freestanding Bar and Pub
Freestanding Bar and Pub

2089 Virginia Avenue, Collinsville, VA 24078

$499,900
3,410 sqft 0.29 AC lot

Hospitality property with an established bar-oriented layout and two bathrooms in Collinsville.

View details
Turn-Key Restaurant Building in Eden
Turn-Key Restaurant Building in Eden

203B E Meadow Road, Eden, NC 27288

$749,900

Turn-key restaurant on high-traffic corridor, suitable for retail/office.

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.

Commercial Land Near Retail
Commercial Land Near Retail

Virginia Avenue, Martinsville, VA 24112

$675,000
8.75 AC lot

The parcel is recently staked off and sits beside Friedrichs Eye Center.

View details

Off-Market Properties in Martinsville, VA

Consider similar Off-Market properties in Martinsville, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

147 Main St
RESTAURANT

147 Main St, Martinsville, VA 24112-2813

Estimated value:
$275,000
8,348 sqft 0.16 AC lot
View details
303 Church St
RESTAURANT

303 Church St, Martinsville, VA 24112-0092

Estimated value:
$250,000
2,003 sqft 0.36 AC lot
View details
1014 Liberty St
RESTAURANT

1014 Liberty St, Martinsville, VA 24112-1302

Estimated value:
$255,000
2,528 sqft 1.61 AC lot
View details
26 Church St
Restaurants

26 Church St, Martinsville, VA 24112

Estimated value:
No data
5,559 sqft
View details
2646 Greensboro Rd Rte
Restaurants

2646 Greensboro Rd Rte, Martinsville, VA 24112

Estimated value:
No data
67,370 sqft
View details
1121 Mem Blvd
Restaurants

1121 Mem Blvd, Martinsville, VA 24112

Estimated value:
No data
2,096 sqft 0.75 AC lot
View details
1051 Spruce St
RESTAURANT

1051 Spruce St, Martinsville, VA 24112-4506

Estimated value:
$515,000
23,044 sqft 2.27 AC lot
View details
1210 Memorial S Blvd
RESTAURANT

1210 Memorial S Blvd, Martinsville, VA 24112-4807

Estimated value:
$250,000
4,489 sqft 0.56 AC lot
View details
500 Liberty St
DRIVE-THRU RESTAURANT, FAST FOOD

500 Liberty St, Martinsville, VA 24112-1807

Estimated value:
$260,000
2,810 sqft 0.94 AC lot
View details
811 Liberty St
RESTAURANT

811 Liberty St, Martinsville, VA 24112-1310

Estimated value:
$240,000
1,959 sqft 0.41 AC lot
View details

Martinsville, VA Restaurants Market Trends and Statistics

Explore 12 restaurants for sale in Martinsville, VA on our real estate platform. These investment opportunities span a total of 5,983 square feet of properties for sale, with an estimated market value of $480,237.

Sale prices for restaurant properties in Martinsville, VA start at $199,900, averaging $240,118, and reaching up to $280,337 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

List
Map

Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Commercial kitchens 1
Conventional restaurants 1
Drive through restaurants 1

Demographics Overview

Population 31K
Population Growth (5Y) +4.5%
Median Household Income $47,059
College Educated 6.6%

High-Yield Neighborhoods for Investment

Identify Martinsville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
24112 $240.1K

Taxes & Financing

Tax Rate (average for all types) 0.64%
Property Tax per SF $11.16 per SF
Tax Rate vs County Average 0.03 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Martinsville city

New Delisted

Total CRE Inventory on Market (SF)

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings