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    7493 Lee Hwy Fairlawn, VA 24141

    Sponsored
    For Sale
    $399,000

    Commercial - Fairlawn, VA

    Lot size:
    1.34 Acres
    Days on Market:
    138
    Last Refresh:
    Jan 7 at 8:06 pm

    Property Features for 7493 Lee Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    039137
    Lot size
    1.34 Acres

    Building Details

    Architectural style
    Other

    Page & Associates Real Estate (540) 392-9505 [email protected]

    Listing agent Jeannette Boyd (540) 392-9505 License #225061743

    Listing date Aug 23, 2025

    MLS# 419596 Listing URL

    Copyright © 2026 New River Valley 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.

    Overview

    Fairlawn Commercial Land For Sale

    This 1.342-acre commercial land is located in Fairlawn, VA. The property benefits from high visibility and a significant traffic count, exceeding 26,000 vehicles. It fronts Lee Highway and shares an entrance with Goodwill. The lot is graded and zoned CM. The property is situated at a major intersection with a stoplight, offering ease of access and increased exposure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairlawn
    County
    Radford
    State
    Virginia
    Longitude
    -80.577965
    Latitude
    37.142421

    Nearby Similar for Sale

    • $649,000
      6,000 SF

      Stand Alone Retail Space Available

      6,000 SF retail space in high-traffic area.
      7429 Lee Hwy, Fairlawn, VA 24141
      View Details
    • $299,750
      1.34 Acres

      Lee Highway Commercial Lot

      High-traffic, 1.34-acre development site.
      7493 Lee Hwy, Fairlawn, VA 24141
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.342 acre commercial land with high visibility and traffic count.
    Where is this commercial land located?
    The property is located at 7493 Lee Hwy Fairlawn, VA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - High visibility location on Lee Hwy; - High traffic count (over 26,000); - Zoned CM (Commercial)
    (540) 392-9505
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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
    7493 Lee Hwy Fairlawn, VA 24141
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