Property profile

7493 Lee Hwy Fairlawn, VA 24141

FOR SALE
Commercial land
Property ID
US87-3192770
1.34 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 1.34-acre commercial lot presents a prime development opportunity in Fairlawn, Virginia. Located at 7493 Lee Highway, this property boasts unparalleled visibility and high traffic counts, exceeding 26,000 vehicles daily. Its strategic position on Lee Highway offers significant exposure to a large customer base. The lot shares an entrance with a Goodwill store, further enhancing its accessibility and visibility. A major intersection with a stoplight directly in front ensures easy ingress and egress for potential businesses. The property is already graded, simplifying the development process and saving considerable time and expense. Importantly, the lot is zoned CM, opening up a wide range of development possibilities for commercial ventures. This is a rare opportunity to acquire a highly visible, well-located commercial lot in a thriving area with excellent infrastructure and high daily traffic volume. The property's size and location make it ideal for a variety of commercial uses, offering significant potential for return on investment. Don't miss this chance to secure a prime piece of commercial real estate in a high-demand location. Serious inquiries only.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.34 ac (58,370 SF)
Zoning code CM1
APN 039-001-0000-0037
UPID US87-3192770

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7493 Lee Hwy Fairlawn, VA 24141
Fairlawn metro Census 210101 BLACKSBURG-CHRISTIANSBURG-RADFORD, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

Zoning & alternative use

CM1 · Fairlawn, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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