# 1046 Terrace Drive, Marion, VA 243554

> **TL;DR:** commercial, $850,000 ($103/sqft), built 1985, 8,250 sqft.
> A/C. Est. $4,546/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $850,000 |
| Price/sqft | $103 |
| Square Feet | 8,250 |
| Year Built | 1985 |
| Lot Size | 30,056 sqft (0.69 acres) |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,298 |
| Estimated Insurance | $248 |
| **Total** | **$4,546** |

## Key Amenities

- A/C

## Property Highlights

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

## Description

### Agent Description
Instant 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.

## Location

- **Address:** 1046 Terrace Drive, Marion, VA 243554
- **County:** Smyth
- **Coordinates:** 36.847765, -81.504552
- **Google Maps:** https://www.google.com/maps?q=36.847765,-81.504552

## Virtual Tour & Media

- **Video Tour:** tour.usamls.net/1046-Terrace-Drive-Marion-VA-243554/unbranded

## Listing Agent

- **Name:** Vickie Stamper
- **Brokerage:** Appalachian Realty Co. Inc.
- **Phone:** 2767803172
- **Broker Phone:** (276) 783-5173
- **Listing URL:** [View original listing](https://listings.listhub.net/pages/SWVARVA/94332/?channel=propsimple)

## Photos

![1046 Terrace Drive - Photo 1](http://lh.rdcpix.com/e2208de053a5a1d5ff995780f4a219b6l-f3201959407r.jpg)

![1046 Terrace Drive - Photo 2](http://lh.rdcpix.com/e2208de053a5a1d5ff995780f4a219b6l-f1227318415r.jpg)

![1046 Terrace Drive - Photo 3](http://lh.rdcpix.com/e2208de053a5a1d5ff995780f4a219b6l-f857391623r.jpg)

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![1046 Terrace Drive - Photo 39](http://lh.rdcpix.com/e2208de053a5a1d5ff995780f4a219b6l-f2289721997r.jpg)

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![1046 Terrace Drive - Photo 62](http://lh.rdcpix.com/e2208de053a5a1d5ff995780f4a219b6l-f854939230r.jpg)

![1046 Terrace Drive - Photo 63](http://lh.rdcpix.com/e2208de053a5a1d5ff995780f4a219b6l-f2767110704r.jpg)

---

**MLS#:** 94332 | **Updated:** 2026-09-13
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1046-terrace-drive-marion-va-243554-va94332)

---

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