191 FAYETTE ST
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Location
191 FAYETTE ST
City, State, Zip
, VA 24112
Mblu
32/ 01/ D/ B/
Acct#
000990395
Owner
COMMONWEALTH OF VIRGINIA &
Total Market Value
$7,721,200
PID
3289
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2025$7,446,100$275,100$7,721,200

Owner of Record
OwnerCOMMONWEALTH OF VIRGINIA &
Co-OwnerNEW COLLEGE INSTITUTE
Care Of
AddressC/O DIR OF ADMINISTRATION AND
191 FAYETTE ST
MARTINSVILLE, VA 24112
Sale Price$7,469,005
Book & Page 90: LR Post2000/LR202000918
Sale Date10/26/2020

Ownership History
Ownership History
OwnerSale PriceBook & PageSale Date
COMMONWEALTH OF VIRGINIA &$7,469,00590: LR Post2000/LR20200091810/26/2020
NEW COLLEGE FOUNDATION$090: LR Post2000/LR13/0045804/15/2013
CITY OF MARTINSVILLE$090: LR Post2000/LR13/0045704/15/2013

Building Information
Building 1 : Section 1
Year Built: 2014
Living Area: 52,259
Building Percent Good: 90
Building Attributes
FieldDescription
StyleAuditorium
ModelCommercial
GradeGOOD - 10%
Stories3.00
Exterior Wall 2 
Interior Wall 1DRY WALL
Foundation Type 1SLAB
Foundation Type 2 
Interior Floor 1HW/CAR/VIN
Full Baths0
Sketch FactorUse Effective Area
Roof CoverMETAL
Central HeatYes
DistrictFayette St Commercial
Half Baths0
Extra Fixtures0
Interior Wall 2 
Split LevelNo
Split FoyerNo
Fuel TypeGAS
Exterior Wall 1BRICK
Central ACYes
Bedrooms0
Total Rooms0
Wall Height 
Fireplaces0
Chimneys0
Basement TypeNONE
Central AC Size52259
Living Area52259
Central AC Pct100
Exterior CondGood
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
1ST1st Floor 52,259 52,259
   52,259 52,259

Extra Features
Extra Features

No Data for Extra Features


Land
Land Use
Use Code8000
DescriptionCommercial Exempt  
ZoneC-N
Neighborhood
Land Line Valuation
Size (Acres)5.09
Frontage
Depth
Total Market Land$275,100

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeBldg #
097OB-PAVEMENT  110000.00 UNITS1
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2026$7,446,100$275,100$7,721,200
2024$8,928,600$577,000$9,505,600

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