Improved Commercial Land for Sale in Covington, Virginia
415 Thacker Ave, Covington, VA 24426
Price Reduced! Discover unparalleled value with this 3,720 square foot commercial restaurant building, formerly operated as an Applebee's franchise. Situated in Covington's industrial park and boasting a spacious parking lot, this property is offered at a remarkable $400,000 below assessed value. The turnkey advantage includes a complete set of kitchen appliances, indoor and out door storage, and all restaurant tables, chairs, and booths. There is also a waiting area and a bar area with a soda dispenser and bar stools. This is the perfect opportunity for aspiring restaurateurs or savvy investors. Don't miss out on this prime location and incredible value proposition. Contact us today to seize this opportunity!
Location
- Street address
- 415 Thacker Ave
- County
- Alleghany County
- Zip code
- 24426
- Community
- Alleghany
- Elevation
- 1,224 feet
Directions
From Lexington: Proceed out of town on US 11 North and merge on to I64 West. Proceed 42 miles and take exit 14 on to Route 154. Turn right on to South Durant Road and then left on to Thacker Ave. Make a right turn into the parking lot.
Property details
- Acreage
- 3.82 acres
- Zoning
- Commercial
- MLS #
- LBVRAR 138424
- Posted
Parcels
- 27---A-----5B
Legal description
Covington Industrial Park; 4.98 Ac; 1.161 Ac (trf); 3.819 Ac (remaining)
Details and features
Listing
- Type
- Commercial Sale
Exterior
- Structures
- Storage
- Features
- Furniture Fixed Inv, Inside Storage, Outside Storage, Restroom-Public
Structure
- Water
- Public
- Sewer
- Public Sewer
- Heating
- Heat Pump, Natural Gas
- Cooling
- Central Air
- Materials
- Brick Veneer, Synthetic Stucco
- Roof
- Flat
Interior
- Rooms
- Bathroom x 2
- Flooring
- Tile
Property utilities
| Category | Type | Status |
|---|---|---|
| Gas | Natural Gas | Connected |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 31, 2026 | Price drop | $650,000 | $100,000 -13.3% | LBVRAR |
| May 1, 2026 | New listing | $750,000 | — | LBVRAR |
| Mar 19, 2025 | Listing removed | $900,000 | — | Listing agent |
| Feb 14, 2025 | Under contract | $900,000 | — | LBVRAR |
| Apr 27, 2024 | New listing | $900,000 | — | LBVRAR |