For Sale
$249,900

209 Cleveland Ave Martinsville, VA 24112

Versatile Office Space, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 2,425 square foot office building in Martinsville, Virginia, presents a unique investment opportunity. Situated on a 0.24-acre lot at 209 Cleveland Ave, 24112, this single-story, 1953-built property boasts a prime location on a busy thoroughfare with an average daily traffic count exceeding 2600 vehicles directly in front and 8400 on a nearby major road. The building's flexible layout allows for diverse uses, including a single large business, two separate businesses, or multiple rented spaces. The interior features two distinct wings: one with five rooms and a waiting area, and the other with three rooms and a waiting area. Each wing includes its own bathroom, and the building also offers a shared kitchenette and laundry room. Five of the rooms are plumbed, making it ideal for a salon or similar business. Currently, two rooms are rented month-to-month, generating income. The property includes a paved parking lot with capacity for ten or more vehicles. The building is equipped with a heat pump heating system and a gas backup. Utilities for the entire building average approximately $420 per month when fully occupied. Past rental history indicates individual rooms have commanded $350-$450 per month. The asking price is $249,900. Lot size and square footage are estimates.

Property Details for 209 Cleveland Ave

Property type
Office properties, Medical offices
Square Feet
2,425 SF
Year Built
1953
Buildings
1
Stories
1
Lot Size (sq. ft)
10,454 SF

Location Insight

City
Martinsville
County
Martinsville City
State
Virginia
Latitude
36.6852
Longitude
-79.8675182

FAQs

What type of property is this?
Office property - Versatile Office Space, High Traffic Area
Where is the office property located?
The property is located at 209 Cleveland Ave Martinsville, VA.
What is the asking price?
The asking price for this property is $249,900.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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209 Cleveland Ave
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