About This Home

This 0-bedroom, 0-bathroom commercial at 1046 Terrace Drive in Marion, VA is listed for $850,000 ($103 per sqft). Built in 1985, the home offers 8,250 sqft of living space on a 0.69 acres lot.

Key Features

  • Built in 1985
  • 0.69 acre lot
  • 25 parking spaces

Property Details

25 spaces
1985

Amenities

A/C
Listing Description

Immediate return of investment....1046 Terrace Drive Student Suites & Business Rental Investment Property....Tour this facility that features 8250 sq.ft. of updated & well maintained, established rentals. Main level consists of rentals w/2 year lease terms, currently at full capacity, & include 4 suites housing 2 students each.

Each student has a spacious en suite with private bath, closet, study desk area & enough room for a queen size bedroom suite. Shared common area is kitchen/living/dining. All suites have granite countertops, tub/shower enclosures & pantry storage. Internet and all utilities are included in rent.

Coin operated laundry area open to all residents. Mail boxes onsite. One Handicap Unit. 8 rentals at $800/mo. Lower level is leased for $2100/mo as a health care office unit. It contains multiple offices & storage, 2 half baths & 2 kitchenettes. This investment will begin as a profit & pay for itself from the start. 48 hour appt to show. Prospects must be preapproved before viewing.

Monthly Cost Estimate

$4,546/mo

20% down · 6.5% · 30 years

Principal$615
Interest$3,683
Insurance$248

Estimates only. Actual payments may vary.

Location

1046 Terrace Drive

Marion, VA 243554

Property Details

Flooring

TileVinyl

Construction

Brick Masonry

Heating

CentralHeat Pump (Heating)

Cooling

Heat PumpCentral Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1046 Terrace Drive is listed at $850,000 ($103/sqft). The estimated monthly payment is $4,546 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1985, 0.69 acre lot, 25 parking spaces.

This property is listed by Vickie Stamper.

VS

Vickie Stamper

Agent at Appalachian Realty Co. Inc.

Listed by Appalachian Realty Co. Inc. · Broker phone: (276) 783-5173 · Broker website

MLS# 94332· Source: Southwest Virginia Association of Realtors· Added to PropertySimple today

Copyright © 2026 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1046 Terrace Drive, Marion, VA 243554

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