307 West Main Street Lebanon, VA $ 227,500
307 West Main Street
$ 227,500
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307 West Main Street

Lebanon, VA, 24266
$ 227,500
Bedrooms-- Baths-- Sq 1,500

Monthly Estimate*

$ 1,401

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Commercial Property for sale in Lebanon, VA

for $227,500. This building is 1,500 square feet.

Prime Main Street Commercial Office Space-Charming Small-Town Setting Discover a rare opportunity to purchase a warm, inviting, and highly functional commercial space perfectly positioned along Main Street in one of the area's most charming and community-centered small towns. With excellent visibility, ample off-street parking, and a welcoming, professional atmosphere, this property is ideally suited for a variety of office, wellness, retail, or service-based businesses. Included are 4 office spaces (1 ready for x-ray services), 2 bathrooms (1 ADA compliant), and a large storage room with shelving. With the versatility of 4 offices, this space could also work for multiple small business owners looking to share expenses and/or rent out the extra rooms. Think marketplace or full-service salon! Outside features include 10+ parking spaces, brick paver walkways, and a crawl space underneath for easy access. This prime location provides walkability to area amenities such as the town recreation park, pool, public library, schools, police department, bank, courthouse, restaurants, theater, and more. Some office furniture will convey. Sellers are offering up to a $2,500 seller credit with approved offer/terms to assist with down payment, closing costs, or property modifications. There is a second listing for the property for lease.

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Commercial Active

Price

$ 227,500

Property Type

Commercial

Taxes

$ 760

Style

Town/City

Lebanon

County/Region

Russell

MLS | Web ID

110559

Features
Interior
Interior Amenities Public Restrooms
Flooring Carpet Tile
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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General
Sewer Public Sewer
Heating Heat Pump
Cooling Heat Pump
Utilities Cable Available Electricity Connected Phone Available
Possession Close Of Escrow
Roof Composition
Zoning Commercial
Security Features Fire Sprinkler System
Construction Materials Brick Masonry
Property Subtype Business
Tax Year 2025
Current Use Professional/Office Other
Gross Income 0
County Russell
Net Operating Income 0
New Construction N
Property Type Business Opportunity
HOA N
Attached Garage N
Garage Y/N N
Other Structures Additional Structures(None)
Status Active
Directions From Abingdon VA take US 19N toward Lebanon for 18 miles. Take exit 1 toward Lebanon/Cleveland. Turn left off of exit toward Lebanon. Follow Main Street approximately 1 mile. The property will be on
City Lebanon
MLS Area Lebanon
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 760.81
Home Warranty Y/N N
Additional Parcels Y/N N
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 104R 653
Freehold IDX BBO
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Exterior
Exterior Amenities Rain Gutters
Parking Features Parking 10+ Spaces
Lot Features City Lot Landscaped
Water Source Public
Total Parking 10
Spa N
Building Area Total 1500
Waterfront Y/N N
Other Equipment Equipment Leased(None)
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded Features
List By
Richlands Realty

Broker

movewithrobin1@gmail.com

Email

Affordability Calculator

$1,464
Per Month
96%
4%
0%
Monthly Principal & Interest
$1,401
Monthly Property Taxes
$63
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1875416 Elementary School
1875515 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/13/2026$227,500 Listed Price

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307 West Main Street, Lebanon, VA, 24266 is a Commercial Property for sale at $227,500 with 1,500 sqft. The property's zip code is 24266 which is in Lebanon, VA