West Commonwealth Boulevard

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West Commonwealth Boulevard

Martinsville, VA 24112
Asking Price
$850K
Asset Type
Gas Station Retail
Class
Class B

What's Special

Located on West Commonwealth Boulevard in Martinsville, Virginia, this retail property is situated within a established commercial corridor. The surrounding neighborhood features a mix of local businesses, residential pockets, and regional service providers. The area is anchored by proximity to the Martinsville Speedway and several national grocery and dining chains. Transportation access is convenient via Virginia State Route 57 and nearby U.S. Route 220, providing steady vehicular visibility and connectivity to the greater Henry County area. The property's layout and positioning are well-suited for a variety of general retail applications, including specialty boutiques, convenience services, or showroom space. Ideal tenants include neighborhood-scale retailers, service-oriented franchises, or professional satellite offices requiring a storefront presence. The site’s accessibility caters to a diverse demographic of local residents and regional commuters seeking accessible commercial services along a primary municipal thoroughfare.

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NOI
$80,000
Cap Rate
9.41%
DSCR
1.59
Strong
Cash-on-Cash
11.58%
Monthly Payment
$4,205.336
Annual Cash Flow
$29,535.965

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