5239 Us Hwy 421, Pennington Gap, VA 24277
Not In Subdivision · Lee County
Key Facts
Description
Residential/Investment property with the versatility of a lower level commercial garage. Opportunity awaits with this solid block building featuring a 2-bedroom, 1-bath apartment on the upper level. The residence has updated electrical and is separately metered from the lower level, making it ideal for live-work or rental scenarios. The lower level includes two spacious garage bays, each with its own large rear storage room featuring gravel flooring—perfect for workshop, storage, or light industrial use. Situated on a 0.5-acre lot, the property also offers secondary water and sewer hookups, adding flexibility for future expansion. The building is located on a busy highway for optimal visibility. A great investment opportunity with mixed-use potential in a growing area. Personal items from garage bays have been removed--new photos. Priced below tax assessment. Buyers and buyers agents to verify the information contained in this listing. Subject to Errors & Omissions.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
Mixed Use
Year Built
1960
Living Area
4,500 sq ft
Lot Size
0.50 acres
Lot Dimensions
irregular
Garage Spaces
2
Zoning
Mixed use
Days on Market
323
MLS® Listing#
9984820
Property Features
Exterior
Appliances
Cooling
Heating
Flooring
Basement
Parking
Laundry
Patio
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Schools
- Elementary:
- Elk Knob
- Middle:
- Pennington
- High:
- Lee Co
Financial Details
HOA
None
Parcel Number
23e-(62) 1-5, 17-20
Directions
From Big Stone Gap, travel towards Pennington Gap. Property is at the corner of Morgan Ave and US HWY 421 beside Walgreens. From Duffield, travel on US HWY 421 to Pennington Gap. Property will be on your left. Sign in front. GPS friendly.
Affordability Calculator
$24,000
Estimated monthly payment
$639/mo
Principal $96,000 · Est. interest $133,929 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Pennington Gap, VA
- $231,579
- Median Listing Price
- 75
- Median Days on Market
- 1,902
- Median Sq Ft
- $127
- Median Price / Sq Ft
- 54
- Active Listings
- This home’s price is 48% below the area median.
- Its price per sq ft is 79% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Pennington Gap, VA.
Location
Points of Interest in Pennington Gap, VA
Showing the Pennington Gap area map.
Nearby Schools
Pennington Middle School
Secondary · 0.2 mi away
Elk Knob Elementary School
Elementary · 2.4 mi away
St. Charles Elementary
Elementary · 3.8 mi away
Dryden Primary School
Elementary · 4.2 mi away
Dryden Elementary School
Elementary · 4.2 mi away
Lee County Career & Tech. Center
School · 4.4 mi away
Lee County Public Schools
School · 4.5 mi away
Lee High School
Secondary · 4.6 mi away
Stickleyville Elementary School
Elementary · 6.8 mi away
Lee County Public Schools
School · 7.3 mi away
Jonesville Middle School
Secondary · 8.0 mi away
Black Mountain Elementary School
Elementary · 10.9 mi away
Cawood Elementary School
Elementary · 12.0 mi away
Duffield Primary School
Elementary · 12.2 mi away
Evarts Elementary School
Elementary · 12.4 mi away
Flatwoods Elementary School
Elementary · 14.3 mi away
SE Kentucky Community & Tech Col
School · 14.4 mi away
Harlan County Christian School
School · 14.5 mi away
Cumberland Elementary School
Elementary · 14.8 mi away
Pine Mountain Settlement School
School · 16.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 301 South Johnson Drive, Pennington Gap, VA | $99,000 | 3 | 2 | 1,064 |
| 509 Rogers Cemetery Rd, Pennington Gap, VA | $99,000 | 2 | 2 | 1,368 |
| Tbd Deer Track Drive, Big Stone Gap, VA | $119,000 | 2 | 1 | 544 |
| 4314 Big Hill Road, Pennington Gap, VA | $130,000 | 3 | 1 | 1,025 |
| 518 North E River Street, Big Stone Gap, VA | $149,000 | 3 | 2 | 1,040 |
| 620 East Gilley Avenue, Big Stone Gap, VA | $149,900 | 2 | 2 | 1,489 |
Moving Cost Estimate
EXIT Agents in Pennington Gap
Listing Courtesy: Ridgeview Real Estate - riegeview.homesforyou@gmail.com
Presented by: Virginia Roberts