Commercial General Land
For Sale
$289,000
311 E Lee Street, Marion, VA 24354
COMMERCIAL - Marion, VA
Lot Size1.41 Acres
Days on Market22
Property Features for 311 E Lee Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Interior features
Shell Only
Lot features
Flood Zone/ Insurance Required
Directions
Exit 45 off I-81. Follow North on Commerce Street to Main Street, right on Main, left on East Lee Street. Property located on right.
Subdivision
Marion
Standard status
Active
Lot size
1.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2619
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Space Heater
Water source
Public
Building Details
Year built
1930
Flooring type
Concrete
Building materials
Asbestos, Masonite, Wood Siding, Masonry
Roof type
Metal
Listing Agency:
Appalachian Realty Co.
(276) 783-5173
Listed By:
Vickie Stamper · License #0225024307
(276) 780-3172
Added: Jul 9
Last Checked: Jul 30 at 4:06PM
MLS# 100778
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.
Investment Insights
Based on property information with market context.
This 1.41-acre commercial general property in Marion, Virginia is offered as a redevelopment site. The parcel includes several older rental houses at 311, 315, 321, and 325 E Lee Street, which are described as ready to be demolished. The property records that asbestos has been removed from 321 and 325. All structures were built during the 1930s through 1960s.
The site is located on a corner off E Lee Street and Main Street, with access described at the property’s intersection with Chatham Hill Road. The listing notes high exposure and heavy traffic exposure, and cites an average daily traffic count of 13,000. The parcel also borders the Middle Fork of the Holston River and lies in the floodplain.
For operators and developers, the asset presents an opportunity to start fresh on a CG-zoned commercial site with cleared and partially remediated structures. Prospective users should factor the floodplain designation into planning, including site work and development approach, given the property’s adjacency to the river.
The site is located on a corner off E Lee Street and Main Street, with access described at the property’s intersection with Chatham Hill Road. The listing notes high exposure and heavy traffic exposure, and cites an average daily traffic count of 13,000. The parcel also borders the Middle Fork of the Holston River and lies in the floodplain.
For operators and developers, the asset presents an opportunity to start fresh on a CG-zoned commercial site with cleared and partially remediated structures. Prospective users should factor the floodplain designation into planning, including site work and development approach, given the property’s adjacency to the river.
Key Highlights
- 1.41‑acre commercial general property on the corner of East Lee St and Main St in Marion
- Includes 311, 315, 321, and 325 East Lee St older rental houses (built 1930s–1960s)
- Asbestos removed from 321 and 325; other materials include asbestos, wood siding, Masonite, and masonry
Property Analytics
Property Profile
Current Use
Lease Details
13,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Explore this area
Business Placement
Demographics for 24354, VA
14,446
Population
6,929
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
119.7 sq mi
ZIP Area
121
Density / Sq Mi
$42,076
Median Household Income
$35,662
Median Earnings
$686
Median Rent
$142,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 1.41-acre corner site in Marion’s CG zoning, with existing rental houses slated for demolition and river floodplain noted.
Where is this commercial land located?
The property is located at 311 E Lee Street Marion, VA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1.41‑acre commercial general property on the corner of East Lee St and Main St in Marion; Includes 311, 315, 321, and 325 East Lee St older rental houses (built 1930s–1960s); Asbestos removed from 321 and 325; other materials include asbestos, wood siding, Masonite, and masonry
