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29492647
29492648

229 Hollie Dr, Martinsville, VA 24112

JH
VA 022563421
CBRE - Richmond
DT
VA 0225247834
CBRE - Richmond
BL
0225246702
CBRE - Downtown Los Angeles
Listed by CBRE - Richmond, CBRE - Downtown Los Angeles
Unpriced
124 days on market
Updated 34 days ago
Opportunity zone

Bowles Industrial Park

Details
Property Type Industrial
Sub Type Distribution
Square Footage 184,846
Year Built 1991
Acreage 9.680
Zoning I-1
Ceiling Height 14' - 46'
Loading Docks 19

±185,000 SF Production/ Distribution Warehouse

Marketing description

229 Hollie Drive is a ±184,846 SF Class B industrial facility located in Bowles Industrial Park in Martinsville, VA. Positioned on 9.68 acres, the property offers a versatile combination of production, warehouse, freezer, and office space, supported by strong infrastructure including 19 dock‑high doors, 1 drive‑in, upgraded lighting, an existing sprinkler system, and a 50 HP air compressor. Clear heights range from 14’ to 46’, accommodating both high‑bay storage and manufacturing operations. The site also features a ±15,814 SF fully racked freezer (≥ –10°) and a ±2,800 SF maintenance shop, making it ideal for cold storage, food processing, or multi‑use industrial users. With direct access to US‑220 and US‑58 and excellent reach to I‑77, I‑81, and I‑85, the property offers a strategic location for distribution throughout Virginia and the Carolinas

Investment highlights

229 Hollie Drive presents an attractive value‑add or owner‑user industrial opportunity within the strong‑performing Virginia South Central submarket. The property delivers ±184,846 SF of functional industrial space across production, warehouse, freezer, and office areas, appealing to a wide tenant base including manufacturing, logistics, and cold‑storage operators. Its specialized infrastructure — including 19 docks, 46’ high‑bay clear heights, climate‑controlled production areas, and a fully racked low‑temperature freezer — significantly enhances re‑tenanting flexibility and long‑term income potential. The asset benefits from excellent transportation connectivity via US‑220 and US‑58, linking directly to major interstate corridors and distribution hubs such as Roanoke, Greensboro, and Charlotte. Positioned in a business‑friendly market with strong industrial demand, this property offers investors an opportunity to secure a scalable, infrastructure‑rich facility with compelling upside potential through lease‑up, modernization, or repositioning strategies

Listing Contacts

JH
VA 022563421
CBRE - Richmond
DT
VA 0225247834
CBRE - Richmond
BL
0225246702
CBRE - Downtown Los Angeles
Listed by CBRE - Richmond, CBRE - Downtown Los Angeles

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Additional Information

Name
Jason Hetherington
License
022563421
Brokerage Phone
804-401-4002
Brokerage Address
1802 Bayberry Court
Name
Doug Tice
License
0225247834
Brokerage
CBRE
Brokerage Phone
(804) 401-4000
Title
Senior Associate
Brokerage Address
1802 Bayberry Court
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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