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    1211-1231 N Lee Hwy Lexington, VA 24450

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    For Lease
    Contact for pricing

    2,450 SF former restaurant space in Walmart-anchored center.

    Property size:
    2,450 SF
    Lot size:
    2.09 Acres

    Property Features for 1211-1231 N Lee Hwy

    General Information

    Size
    2,450 SF
    Lot size
    2.09 Acres

    Source: The Shopping Center Group | Richmond Agent David Andrews

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

    Overview

    Lexington Retail Space For Lease

    This 2,450 square foot space is a former restaurant vacancy located in a Lexington, Virginia Walmart-anchored shopping center. The center is typically 100% leased and is the only Walmart-anchored center within a 27-mile radius. The property benefits from visibility and pylon signage targeting Walmart customers and local traffic. National tenants within the center include Dollar Tree, Verizon, Shoe Dept., T-Mobile, UPS, and H&R Block. The local economy is supported by the Virginia Military Institute with approximately 1,700 students, and Washington and Lee University with 1,860 undergraduate students. Traffic count on N. Lee Highway is 16,000 ADT.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Lex Vegas Bistro - Restaurant & Catering

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    Virginia
    Longitude
    -79.4104823
    Latitude
    37.8043454

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    FAQs

    What type of property is this?
    Restaurant - 2,450 SF former restaurant space in Walmart-anchored center.
    Where is this restaurant located?
    The property is located at 1211-1231 N Lee Hwy Lexington, VA.
    What are key features of this property?
    This property features: - Rare 2,450 sf former restaurant vacancy.; - Located in a typically 100% leased Walmart-anchored center.; - Only Walmart-anchored center in a 27-mile radius.
    (804) 673-1100
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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
    1211-1231 N Lee Hwy Lexington, VA 24450
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