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    7367 Lee Hwy Troutville, VA 24175

    For Sale
    $320,000

    Prime 4,937 sq ft retail space on 1.44 acres.

    Property size:
    4,937 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property in Troutville, VA, presents a unique investment opportunity. Located at 7367 Lee Highway, this single-story building boasts 4,937 square feet of space situated on a 1.44-acre lot. The property benefits from an impressive 500 feet of road frontage, ensuring high visibility and easy accessibility for customers. Ample parking is available. The property's previous use as a truck stop and gas station is reflected in its existing infrastructure, including four operational gas pumps with up-to-date underground tanks (10,000-gallon, 6,000-gallon, 4,000-gallon, and 2,000-gallon capacities) and a state-of-the-art monitoring system compliant with EDQ standards. The building itself is constructed with a durable wood frame and vinyl exterior. Recent improvements include a new hot water tank and a recently pumped septic system. Heating is provided by oil, and cooling by an AC system. Two water wells provide a reliable water supply. The layout offers considerable flexibility, making it suitable for a variety of retail or service businesses, including but not limited to a gas station, restaurant, convenience store, ice cream shop, or bait and tackle shop. Priced below tax assessment, this high-traffic property offers incredible potential for a savvy investor. The property's location and existing infrastructure make it an attractive proposition for entrepreneurs seeking a turnkey operation or a blank canvas for their business vision.

    Property Features for 7367 Lee Hwy

    General Information

    Property type
    Retail properties
    Square Feet
    4,937 SF
    Lot Size
    62,726 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Building Supply Auto Repair Shop Auto Parts Store Nursing Home Assisted Living Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troutville
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.85661
    Latitude
    37.44141

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    FAQs

    What type of property is this?
    Retail property - Prime 4,937 sq ft retail space on 1.44 acres.
    Where is this retail property located?
    The property is located at 7367 Lee Hwy Troutville, VA.
    What is the asking price?
    The asking price for this property is $320,000.
    (855) 450-0442
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    Troutville, VA 24175
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7367 Lee Hwy Troutville, VA 24175
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