384 West Commonwealth Boulevard

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384 West Commonwealth Boulevard

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

What's Special

384 West Commonwealth Boulevard is situated in a primary commercial corridor of Martinsville, Virginia. The property is positioned within a high-traffic area characterized by a mix of local businesses, national retail chains, and dining establishments. It offers proximity to the Uptown Martinsville business district and provides convenient access to major regional thoroughfares, including U.S. Route 220 and U.S. Route 58. The surrounding neighborhood features established infrastructure and consistent vehicle visibility. The asset is suitable for a range of general retail applications or customer-facing service providers. Given its location and accessibility, potential tenants may include specialty boutiques, hardware suppliers, discount retailers, or professional service offices. The building profile aligns with the needs of established companies or local operators seeking a presence in a central retail hub with steady suburban demographics and a traditional commercial tenant mix.

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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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