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    15057 Lee Hwy, Unit | Buchanan Buchanan, VA 24066

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    For Sale
    $1,500,000

    15-acre parcel with excellent I-81 visibility in Botetourt County.

    Property size:
    15 SF

    Property Features for 15057 Lee Hwy

    General Information

    Size
    15 SF

    Source: Bryan Musselwhite, CCIM Agent Bryan Musselwhite, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    15-Acre Parcel I-81 Visibility

    This 15-acre parcel is located directly off exit 162 of I-81 in Botetourt County. The front of the parcel is flat and gently slopes in the rear, offering a backdrop suitable for signage with visibility that can stretch for miles. The flat portion offers a vast footprint and could accommodate a large surface lot and ample room to develop a retail property. The property can be subdivided to suit the buyer's needs. It is an ideal location for a travel center. Extra acreage is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Buchanan
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.7524042
    Latitude
    37.5000027

    Nearby Similar for Sale

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    • $730,000
      9,270 SF

      Family Dollar Net Lease Investment

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    FAQs

    What type of property is this?
    Land - 15-acre parcel with excellent I-81 visibility in Botetourt County.
    Where is this land located?
    The property is located at 15057 Lee Hwy, Unit | Buchanan Buchanan, VA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Excellent visibility from I-81, ideal for signage.; - Directly off Exit 162 of I-81, providing easy access.; - Large, flat portion suitable for a large surface lot and retail development.
    (540) 314-7796
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    15057 Lee Hwy, Unit | Buchanan Buchanan, VA 24066
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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
    15057 Lee Hwy, Unit | Buchanan Buchanan, VA 24066
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