www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27073529
27073549

20 E Main St, Martinsville, VA 24112

RC
VA V 0225041050
Rives S. Brown
Listed by Rives S. Brown
$265,000
261 days on market
Updated 38 days ago

Cahill Insurance Agency

Details
APN 000102400
Property Type Office, Retail
Sub Type Storefront, Traditional Office
Square Footage 3,214
Net Rentable (SqFt) 3,214
Units 6
Occupancy 67%
Tenancy Multi
Broker Co-Op Yes
Class C
Year Built 1900
Buildings 1
Stories 2
Lot Size (SqFt) 4
Zoning C2

Historic Stone Building with 6 units for rent in Uptown Martinsville, VA

Marketing description

If you are looking for a prime business investment in Martinsville, this may be the perfect property for you. The building, located on the corner of Main and Walnut Streets in the Martinsville Historic District, is one of the most beautiful stone structures in the uptown area. A photo of it is displayed on the National Register of Historic Places. It was the first bank building in the county and is across from the original courthouse square. There are 3 suites on the main floor with long-term tenants. All suites have over-sized Palladian windows, allowing an abundance of natural light. Suite A, consisting of 2 rooms and an updated half bath, is currently occupied as a hair salon and owners have installed auxiliary cooling due to hair dryers. Suites B and C are currently rented by a Wellness Center. Suite B has high ceilings, the original bank vault being used for storage by tenant, an updated ½ bath, and a mezzanine which could house more office space. There is a separate storage area upstairs as well. Suite C is a private office with an updated full bath. These 2 suites could be rented separately as Suite C has its own private entrance as well as an interior door which can be closed, separating Suite B from Suite C. The upper level, with a separate exterior entrance, houses 3 suites which share 2 updated half baths. The staircase has 2 Palladian windows which enhance the beautiful exposed brick. The hallway has 2 chandeliers and a skylight which illuminates the area. Suite D is a 1 room suite that has built-in, floor to ceiling bookcases with adjustable shelving. Suite E is a 2 room suite with built-in bookcases and carpeting. It is currently rented by a tenant with a 1-year lease. Suite F consists of 3 large rooms, 1 of which could be used as a reception area and the other 2 as private offices. All 3 rooms have built-in shelving and cabinets, custom drapes, and an amazing view of the original courthouse square. The largest room has 2 lighted wall sconces. If your investor is interested, owners can share rent rolls.

Investment highlights

  • Bottom units fully leased; 1 unit leased on 2nd floor

  • 2 units available on 2nd floor for lease

  • units are located near center of Martinsville, easy walking to all shopping, city hall or restaurants

Listing Contacts

RC
VA V 0225041050
Rives S. Brown
Listed by Rives S. Brown

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Rives Coleman
License
V 0225041050
Brokerage
Rives Brown Coleman
Title
principal
Brokerage Address
324 Church street East
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591