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    7429 Lee Hwy Fairlawn, VA 24141

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    For Sale
    $649,000

    6,000 SF retail space in high-traffic area.

    Property size:
    6,000 SF
    Lot size:
    0.35 Acres

    Property Features for 7429 Lee Hwy

    General Information

    Size
    6,000 SF
    Lot size
    0.35 Acres

    Source: Poe & Cronk Real Estate Group Agent Richard Wellford

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

    Overview

    Stand Alone Retail Space Available

    This is a 6,000 square foot stand-alone retail space. The property benefits from high traffic and visibility from all directions. It is located among businesses such as Lowes, Walmart, Kroger, Starbucks, Sheetz, and Rural King, as well as fast food establishments. The property was recently renovated and is ready for occupancy. The previous tenant expanded to a larger site nearby.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairlawn
    County
    Radford
    State
    Virginia
    Longitude
    -80.5808994
    Latitude
    37.1439136

    Nearby Similar for Sale

    • $299,750
      1.34 Acres

      Lee Highway Commercial Lot

      High-traffic, 1.34-acre development site.
      7493 Lee Hwy, Fairlawn, VA 24141
      View Details

    FAQs

    What type of property is this?
    Retail space - 6,000 SF retail space in high-traffic area.
    Where is this retail space located?
    The property is located at 7429 Lee Hwy Fairlawn, VA.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: - High traffic location with excellent visibility.; - 6,000 sf of stand-alone retail space.; - Recently renovated and ready for occupancy.
    (540) 982-2444
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    7429 Lee Hwy Fairlawn, VA 24141
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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
    7429 Lee Hwy Fairlawn, VA 24141
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