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    190 Lithia Rd Wytheville, VA 24382

    Sponsored
    For Sale
    $985,000

    6,064 SF Restaurant, $985,000

    Property size:
    6,064 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    334
    This exceptional restaurant property, located at 190 Lithia Rd in Wytheville, Virginia, presents a compelling investment opportunity. The 6,064 square foot building sits on a 1.26-acre lot and is zoned B. Its strategic location within the I-81/I-77 Crossroads development corridor places it among numerous established restaurant and hotel brands, ensuring high visibility and accessibility. The property boasts a Wythe County assessment of $1,312,800, significantly exceeding the asking price of $985,000. This presents a strong potential return on investment. The current lease rate stands at $18.00 per square foot per year. The property's size, location, and existing infrastructure make it ideal for a variety of restaurant concepts or potential redevelopment. The 24382 zip code offers a thriving community and convenient access to major transportation routes. This turnkey operation is ready for a new owner to capitalize on its prime location and strong market presence. Serious inquiries are encouraged to explore this lucrative opportunity in the heart of Wytheville's vibrant commercial sector. The property is well-suited for an established restaurant or a new venture seeking a high-traffic location.

    Property Features for 190 Lithia Rd

    General Information

    Property type
    Restaurants
    Square Feet
    6,064 SF

    HighLights

    • $985,000 asking price.
    • 6,064 square foot retail restaurant.
    • Located at 190 Lithia Rd, Wytheville, VA 24382.
    • Situated on 1.26 acres with B zoning.
    • Wythe County assessed value of $1,312,800.
    • Prime location in I‑81/I‑77 Crossroads development corridor.
    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

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    FAQs

    What type of property is this?
    Restaurant - 6,064 SF Restaurant, $985,000
    Where is this restaurant located?
    The property is located at 190 Lithia Rd Wytheville, VA.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: $985,000 asking price.; 6,064 square foot retail restaurant.; Located at 190 Lithia Rd, Wytheville, VA 24382.
    Request Owner's contact information
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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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