175 Mehler LnMartinsville, VA 24112

Property Details for 175 Mehler Ln

Lot size

29.60 AC

Zone code

I1

Property type

Other commercial real estate

APN

601770025

APU

601770025

Description

This exceptional Class A industrial property, located at 175 Mehler Ln, Martinsville, VA 24112, offers 153,500 square feet of versatile space ideal for distribution and/or manufacturing operations. Situated on a 29.6-acre lot within the Patriot Centre Industrial Park, this single-tenant building boasts 24' clear heights with 40' x 50' column spacing, providing ample storage and warehouse capabilities. Built in 1995 and renovated in 1999, the facility includes four dock-high doors and is zoned I-1 Industrial, allowing for expansion opportunities. The property benefits from a strategic location providing one-day shipping access to two-thirds of the East Coast US population. Abundant public utilities are available, including water, sewer, natural gas, a generator, and high-speed fiber internet, supporting modern operational needs. The asking price is $9,500,000, translating to $61.89 per square foot, significantly below replacement cost. The strong workforce in the area and readily available infrastructure make this a compelling investment opportunity for businesses seeking efficient and strategically located industrial space. This property presents a rare combination of size, location, and functionality, making it an attractive option for discerning buyers.

• Alternative Use

  Use

  Valuation

  Residential

  $161,927,856

  Hospitality

  $148,325,040

  Educational

  $123,404,696

  Medical

  $127,648,776

  Retail

  $191,962,864

Location Insight

City

Martinsville

County

Henry

State

Virginia

Latitude

36.729

Longitude

-79.8771

CBSA code

32300

CBSA name

MARTINSVILLE, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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