Mixed-Use Property with Restaurant
New
For Sale
$225,000
1027 Lee Highway, Marion, VA 24354
Commercial Sale, Marion, VA
Property Size3,765 SF
Price / SF$59.76
Days on Market5
Property Features for 1027 Lee Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
10
Lot features
Located in County, Plat Recorded, Seller Will Divide
Directions
From I-81 S Exit 39, right then immediate left onto Lee Highway, property on right
Subdivision
Smyth County
Standard status
Active
Size
3,765 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
266
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating), Central
Cooling system
Heat Pump
Water source
Public
Amenities
exterior space
Building Details
Year built
1935
Floors in Building
2
Flooring type
Wood, Vinyl
Building materials
Brick
Roof type
Rubber
Listing Agency:
United Country Anders Realty & Auction
(276) 228-3242
Listed By:
Mitch Anders · License #0225197222
(276) 724-0166
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 6 at 5:06PM
MLS# 112161
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 3,765-square-foot brick property has a 1,750-square-foot open storefront on the main level, with an office, storage area, and bathroom. Furnishings and equipment include diner fixtures, appliances, shelving, and coolers for inventory displays. The building dates to 1935 and has wood and vinyl flooring, central heating, a heat pump, and a rubber roof.
An outdoor area can accommodate dining, and the property has on-site parking with additional overflow space. The second floor offers storage capacity; residential use would require remodeling and an added bathroom. The property is zoned Commercial and sits along the corridor between Marion and Chilhowie.
An outdoor area can accommodate dining, and the property has on-site parking with additional overflow space. The second floor offers storage capacity; residential use would require remodeling and an added bathroom. The property is zoned Commercial and sits along the corridor between Marion and Chilhowie.
Key Highlights
- 3,765‑square‑foot brick property built in 1935
- Main‑level storefront measures 1,750 square feet and includes an office, storage, and bathroom
- Diner furnishings, appliances, retail shelving, and inventory coolers are in place
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
29
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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The main level includes diner furnishings, appliances, coolers, and retail shelving.
Where is this mixed-use property located?
The property is located at 1027 Lee Highway Marion, VA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 3,765‑square‑foot brick property built in 1935; Main‑level storefront measures 1,750 square feet and includes an office, storage, and bathroom; Diner furnishings, appliances, retail shelving, and inventory coolers are in place
