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    190 Lithia Rd Wytheville, VA 24382

    Sponsored
    For Lease
    $216 SF/Yr

    Prime Retail Space, I-81 Corridor

    Lot size:
    6,064 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    330
    This exceptional 6,064-square-foot restaurant property presents a unique investment opportunity in Wythe County, Virginia. Located on 1.26 acres of land, this single-tenant building boasts a prominent position within the bustling I-81/I-77 Crossroads development corridor, surrounded by a variety of established restaurants and hotels. Previously occupied by a Bob Evans restaurant, the property is zoned B and offers significant potential for a variety of food service businesses. The building's substantial size and high-traffic location provide an ideal platform for immediate success. The asking price is $985,000, representing a compelling value considering the Wythe County assessment of $1,312,800. The property is available for sale, offering a strong return on investment. A lease rate of $18.00 per square foot per year is also available for qualified tenants. This turnkey operation is ready for immediate occupancy and presents a rare chance to acquire a well-situated commercial property in a thriving area. The property's strategic location and established infrastructure make it an attractive proposition for both owner-operators and investors seeking a stable, high-growth market. Don't miss this chance to secure a prime location in a rapidly developing commercial hub.

    Property Features for 190 Lithia Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,064 SF
    Total Rate
    109152

    Unit(s) available at that property

    Space
    Size
    6,064 SF
    Rate per SF
    $216

    HighLights

    • 6,064 SF single‑tenant restaurant building on 1.26 acres.
    • Former Bob Evans location.
    • B‑zoned property in Wythe County with a $1,312,800 assessed value.
    • Strategically located in the I‑81/I‑77 Crossroads development corridor near other restaurants and hotels.
    • Asking lease rate: $18.00/SF/year.
    • Asking price: $985,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Pharmacy Auto Parts Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Wytheville
    County
    Wythe
    State
    Virginia
    Longitude
    -81.0560783
    Latitude
    36.9488808

    Nearby Comparable

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      Prime Pulaski Retail Space

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    Nearby Similar for Lease

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      Regional retail center anchored by Walmart and Lowes.
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      Retail Space in Lehy Plaza

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      Wythe Plaza Shopping Center For Lease

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      Wytheville, VA Retail Center - 18,900 sq ft
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      Renovated Shopping Center Space Available

      99,745 SF renovated shopping center on 8.69 acres.
      235 Fairground Rd, Wytheville, VA 24382
      View Details
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      Renovated Shopping Center For Lease

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      STARBUCKS ANCHORED STRIP

      Restaurants • 8,000 SF
      198 Commonwealth Dr, Wytheville, VA 24382
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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Space, I-81 Corridor
    Where is this restaurant located?
    The property is located at 190 Lithia Rd Wytheville, VA.
    What is the lease rate?
    The lease rate is $216 SF/Yr.
    What are key features of this property?
    This property features: 6,064 SF single-tenant restaurant building on 1.26 acres.; Former Bob Evans location.; B-zoned property in Wythe County with a $1,312,800 assessed value.
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    Wytheville, VA 24382
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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
    190 Lithia Rd Wytheville, VA 24382
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