0.158 Acres With Owner Financing And $1,999.80 Down In Martinsville, Virginia

0.158 Acres with Owner Financing and $1,999.80 Down in Martinsville City, VA -- Katherine Street Frontage. Contact us Today.

This 0.158-acre lot sits inside the city limits of Martinsville, Virginia, with its own frontage directly on Katherine Street just off Memorial Blvd/Business Route 220. The parcel is wooded and currently vacant, and county records show it is not located in a flood zone.

Property highlights: 0.158 deeded acres, approximately 32 feet of frontage along Katherine Street, zoned C-C Corridor Commercial, located inside Martinsville City limits, not located in a flood zone.

The land: The lot is set back slightly from the road and covered in mature trees and underbrush, giving it a private, wooded feel despite being inside city limits. It sits just off a bend in Katherine Street, with a neighboring home bordering one side and more wooded ground behind.

Access: Katherine Street is a paved, publicly maintained city street with direct frontage onto this lot, and it connects within a few blocks to Memorial Blvd/Business Route 220, one of Martinsville's main corridors.

Zoning and use: This lot carries the city's C-C Corridor Commercial zoning, which does not permit residential use, and at roughly 6,900 square feet it falls under Martinsville's 15,000 square-foot minimum lot size for C-C Corridor Commercial development. A buyer would need to pursue rezoning or a variance from the city, or combine this parcel with adjoining land, before building anything on it as it sits today.

Utilities: Public water, sewer, and power are available in the area per city records, though we have not independently confirmed connections to this specific parcel.

Location: The property sits just off Business Route 220 (Memorial Blvd), minutes from downtown Martinsville, Virginia, with easy access to local shopping, services, and the rest of the Martinsville/Henry County area.

Owner financing available: Cash price $9,999. Owner financed price $9,999, with $1,999.80 down and $114.77/month for 120 months at 12% interest. A loan servicing fee of up to $35/month may apply.

A $1,000 earnest money deposit is required to enter into a purchase agreement on this property, due at signing. $500 is a non-refundable transaction fee and the remaining $500 would be applied to the purchase price at time of closing. Remaining balance due in full at closing. Contact us to get started.

Legal description: Lot 17 and 5 FT 16, City of Martinsville, Virginia. This property is being sold as is; we recommend each buyer do their own research and due diligence before buying.