Virginia Home For Auction on 0.67 Lot
Estimated Price $49,500
Once a bustling coal yard, this Virginia home for auction includes a two-story block building, a barn, a fenced-in section, and additional space to explore—all conveniently situated just across from a Dollar General.
Realtor Comments
Online auction happening now! Auction begins to close at 5pm Monday 6/23/25. Here is your chance to own a corner lot in Glade Spring with endless potential! Sitting on E Glade St. and Hwy. 91, the property sees a tremendous daily traffic count. This former coal yard features a two-story block building, barn, fenced area, and more! Explore the many possibilities this property has. County records report the lot as 0.67 acres and the building as 640 square feet (20×32) on each level. Upstairs features living quarters and downstairs features a workshop / storage area. List price is for MLS purposes only and not actual starting bid or sales price. Please visit auctioneer’s website in order to place your bid, view bidder terms and conditions, and access more information. A personal property auction is taking place in conjunction with this sale.
- 1bed
- 1bath
518 E Glade St, Glade Spring, VA 24340
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
Contact Realtor: W. Bear Lloyd
Pros
1. Very affordable cost of living & housing
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Overall living costs are about 16% below the U.S. average and nearly 20% below Virginia’s average, with median home prices around $170–192 K and typical rent between $758–$850/month
2. Strong sense of community & small‑town charm
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A tight-knit, friendly atmosphere where many residents feel at home, often describing it as “lovely,” and ideal for families or retirees .
3. Above-average schools & low violent crime
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Local schools earn solid grades (Middle school B+, High school B–), and violent crime rates are low—about 1 incident per 1,368 residents
4. Accessible commutes & rural setting
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Average commute of about 19–20 minutes, with most people driving—no public transit needed
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Set in a scenic rural valley near I‑81, it offers a peaceful, countryside lifestyle
5. Economic stability & job prospects
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Employment statistics are solid (Jobs grade A–), with median household income around $76,700—near national norms
👎 Cons
1. Small population with limited amenities
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With just ~2,200 residents, the town has few entertainment or retail options—no movie theaters, bowling alleys, or nightlife venues
2. Higher property crime rates
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Property crime is high—about 15 incidents per 1,000 people (1 in 65 chance), which is above national and state rates
3. Population decline & economic vulnerability
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The population has declined slightly in recent years (~1.1% drop), and rural areas often face slower economic growth
4. Limited diversity
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The town is predominantly white (approx. 97%), with very little ethnic or linguistic diversity
5. Car dependency & infrastructure gaps
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Virtually no public transportation; daily life requires owning a car .
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Broadband and municipal infrastructure may lag compared to urban areas.
