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    2775 Lee Hwy, Unit | Troutville Troutville, VA 24175

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    For Sale
    $1,295,000

    Former restaurant with redevelopment potential on a high-traffic site.

    Property size:
    5,396 SF

    Property Features for 2775 Lee Hwy

    General Information

    Size
    5,396 SF

    Source: Jacob Quesinberry Agent Jacob Quesinberry

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

    Overview

    Former Restaurant on High-Traffic Site

    This former Country Cookin property, with a 40+ year history as a successful retail location for a casual dining restaurant, is available for sale. The property is situated on a high-traffic site located along Interstate 81 at Exit 150, at the intersection of Route 220 and Route 11. Large pylon signs are visible from all routes. An adjacent parcel is also available for sale, creating a prime redevelopment site combined at 2.2+ acres. The existing 5396 square foot building will accommodate the addition of a drive-thru or pickup window without compromising the expansive parking. The property is located at Interstate 81 off Exit 150 at the intersection of Route 220 (Cloverdale Road) and Route 11 (Lee Highway). Restaurant equipment and furnishings can be available at an additional cost. The property is also available for lease at $15.00/SF/YR NNN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Troutville
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.9036497
    Latitude
    37.387302

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    FAQs

    What type of property is this?
    Restaurant - Former restaurant with redevelopment potential on a high-traffic site.
    Where is this restaurant located?
    The property is located at 2775 Lee Hwy, Unit | Troutville Troutville, VA.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - High traffic location visible from Interstate 81 (Exit 150), Route 220, and Route 11.; - Former Country Cookin property with a 40+ year history of successful retail restaurant use.; - Large pylon signs visible from all routes.
    (540) 353-5344
    Request Owner's contact information
    2775 Lee Hwy, Unit | Troutville Troutville, VA 24175
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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
    2775 Lee Hwy, Unit | Troutville Troutville, VA 24175
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