Martinsville, VA
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    Martinsville, VA Restaurants for Sale

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    Collinsville, VA Ridgeway, VA Fieldale, VA
    Turn-Key Restaurant and Event Space
    $225,000
    3,935 SF
    Turn-Key Restaurant and Event Space

    1420 Virginia Avenue, Martinsville, VA 24112

    Turn-key hospitality property with a dining area, commercial kitchen, and flexible event space in Martinsville.
    • Multiple Income Streams: Operates as a Restaurant, Event Center, and Ice Cream Shop.
    • Versatile Event Space: Ideal for Weddings, Parties, Corporate Gatherings, and Community Events.
    • Excellent Visibility and Accessibility: Positioned on a well‑traveled corridor.
    • Turn‑key Commercial Opportunity: Ready for immediate operation.
    • Commercial Kitchen: Equipped for restaurant use.
    Updated: Mar 18
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    Freestanding Restaurant with Drive-Thru
    $175,000
    2,048 SF
    Freestanding Restaurant with Drive-Thru

    1706 Virginia Avenue, Martinsville, VA 24112

    Freestanding fast food restaurant with drive-thru in a retail corridor.
    • 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.
    Updated: Mar 25
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    KFC Absolute NNN Lease
    $1,894,000
    3,249 SF
    KFC Absolute NNN Lease

    KFC with 15 years remaining on absolute NNN lease.

    18 Tensbury Dr, Martinsville, VA 24112

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    Former Restaurant in Historical Corridor
    $160,000
    0.73 Acres
    Former Restaurant in Historical Corridor

    Former restaurant in Martinsville's historical corridor with recent upgrades.

    410 Starling Ave, Martinsville, VA

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    Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 4 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 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.

    Mayodan Commercial Property with Potential
    $219,500
    3,472 SF
    Mayodan Commercial Property with Potential

    3.29 acres with commercial zoning and multiple income streams.

    854 NC Highway 770, Mayodan, NC 27027

    View details
    Turn-Key Restaurant Building in Eden
    $749,900
    Turn-Key Restaurant Building in Eden

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

    203B E Meadow Road, Eden, NC 27288

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    Versatile Property with Mixed Zoning
    $219,500
    3,400 SF
    Versatile Property with Mixed Zoning

    3.29 acres with commercial building and residential potential.

    854 NC Highway 770, Mayodan, NC 27027

    View details
    Former Restaurant Location For Sale
    $200,000
    Former Restaurant Location For Sale

    Prior restaurant location with broad zoning.

    1405 Washington Street, Eden, NC 27288

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    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 Development Land
    $675,000
    8.75 Acres
    Commercial Development Land

    8.75-acre commercial parcel beside Friedrichs Eye Center, recently staked, with access along Virginia Avenue in Martinsville.

    Virginia Avenue, Martinsville, VA 24112

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    Prime Commercial Land Opportunity
    $195,000
    1.50 Acres
    Prime Commercial Land Opportunity

    1.5-acre parcel near White House Road & Smith Mountain Lake Parkway.

    White House Rd lot: 8, Moneta, VA 24121

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    Retail Space in Moneta, VA
    $510,000
    0.14 Acres
    Retail Space in Moneta, VA

    Retail space available in Downtown Moneta Towncenter.

    Celebration Ave lot: 12, Moneta, VA 24121

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    Land For Sale in Moneta
    $255,000
    0.07 Acres
    Land For Sale in Moneta

    Commercial land available in Downtown Moneta Towncenter.

    CELEBRATION Ave lot: 8, Moneta, VA 24121

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    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
    8,348 SF Lot: 0.16 Acres
    Value Estimation by Request

    147 Main St, Martinsville, VA 24112-2813

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    303 Church St
    RESTAURANT
    2,003 SF Lot: 0.36 Acres
    Value Estimation by Request

    303 Church St, Martinsville, VA 24112-0092

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    1014 Liberty St
    RESTAURANT
    2,528 SF Lot: 1.61 Acres
    Value Estimation by Request

    1014 Liberty St, Martinsville, VA 24112-1302

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    26 Church St
    Restaurants
    5,559 SF
    Value Estimation by Request

    26 Church St, Martinsville, VA 24112

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    2646 Greensboro Rd Rte
    Restaurants
    67,370 SF
    Value Estimation by Request

    2646 Greensboro Rd Rte, Martinsville, VA 24112

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    1121 Mem Blvd
    Restaurants
    2,096 SF Lot: 0.75 Acres
    Value Estimation by Request

    1121 Mem Blvd, Martinsville, VA 24112

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    1051 Spruce St
    RESTAURANT
    23,044 SF Lot: 2.27 Acres
    Estimated value
    $515,000

    1051 Spruce St, Martinsville, VA 24112-4506

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    1210 Memorial S Blvd
    RESTAURANT
    4,489 SF Lot: 0.56 Acres
    Value Estimation by Request

    1210 Memorial S Blvd, Martinsville, VA 24112-4807

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    500 Liberty St
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,810 SF Lot: 0.94 Acres
    Value Estimation by Request

    500 Liberty St, Martinsville, VA 24112-1807

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    811 Liberty St
    RESTAURANT
    1,959 SF Lot: 0.41 Acres
    Value Estimation by Request

    811 Liberty St, Martinsville, VA 24112-1310

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    Martinsville, VA Restaurants Investment Opportunities Market Analysis

    Explore 14 restaurants for sale in Martinsville, VA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 9,232 square feet of properties for sale, with an estimated market value of $2,294,000.

    Sale prices for restaurant properties in Martinsville, VA start at $175,000, averaging $764,666, and reaching up to $1,894,000 — 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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    Top Commercial Asset Segments

    Drive through restaurants 3
    Conventional 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 median listing prices of real estate assets

    Neighborhood Average Price
    24112 $766K

    Taxes & Financing

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

    Listings Trend

    Total CRE Area on Market Trend

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