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5239 Us Highway 421, Pennington Gap, VA, 24277

2beds
1baths
2,000sqft
$120,000
$60price/sqft
$976/moest. monthly cost
$39,040/yrincome needed

About This Home

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.

Getting Around

35
WalkingCar-Dependent
0
TransitVery Limited Transit
13
BikeSomewhat Bikeable

Schools

8/10
5/10
Pennington Middle SchoolGrades 5-71.3 mi
3/10
Lee High SchoolGrades 8-124.6 mi

Construction

Condition

  • Property condition: Average
  • Year built: 1960

Materials

  • Foundation: Block
  • Roof: Metal,Shingle
  • Construction materials: Block

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Refrigerator
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Block,Exterior Entry,Garage Door,Gravel Floor,Heated,Partially Finished,Walk-Out Access,Workshop

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Carpet,Laminate

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Central Air,Heat Pump

Interior Area

  • Total structure area: 4,500
  • Total interior livable area: 2,000 sqft

Property

Details

  • Parcel number: 23e(62) 15, 1720
  • Zoning: Mixed use

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck
  • Exterior features: Other
  • Topography of land: Cleared, Level

Lot

  • Lot size: 0.50 Acres
  • Lot size dimensions: irregular

Parking

  • Total spaces: 2
  • Parking features: Gravel,Parking Pad
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Virginia Counties

Flood
Severe Storm
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $606$7,272
Home Insurance *$108$1,296
Property Taxes $60$720
Electricity $202$2,433
Total$976$11,712
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$33,462/yr
40% on housing$29,280/yr
45% on housing$26,026/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.3%
12.3%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$60This listing

vs Other Active Listings

Avg $/sqft

ZIP 24277$85
Lee County$128

vs Homes Sold Last Month

Median $/sqft

ZIP 24277
Lee County$74

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-08-21Listed for sale$130,000

For Sale by Agent

AgentVirginia Roberts
BrokerageRidgeview Real Estate

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