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Centreville Redevelopment Opportunity on Lee Highway
For Sale
$2,500,000

15500 Lee Hwy, Centreville, VA 20120

6.5 acre redevelopment site near I-66 interchange.

Property SizeContact for details
Lot Size6.52 Acres
Days on Market1404

Property Features for 15500 Lee Hwy

General Information

Standard status Active
Lot size 6.52 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $8,220

Building Details

Year Built 1946
Listing Agency: WRIGHT REALTY, INC.
Listed By: EDWARD B WRIGHT III · License #0225039100
Source: Corcoran
Added: Oct 6, 2022 Changed: Aug 8 Last Checked: Aug 8 at 6:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WRIGHT REALTY, INC.

Investment Insights

Based on property information with market context.

This 6.5-acre redevelopment opportunity is located on US 29 Lee Highway in Centreville, near the Interstate 66 interchange. The property, formerly a motel, includes existing buildings that could be repurposed or removed. Water and sewer connections are available. The site has 700 feet of frontage and two entrances on Lee Highway. The location benefits from a traffic count of 15,000 vehicles per day. The property is suitable for a church, sportsplex, school, daycare, or community center. Other potential uses with a special use permit or exemption include a veterinary clinic, agritourism, horse stable, single-family dwelling, group residential facility, congregate living facility, community center, recreation club, museum, heavy or light utility facility, animal shelter, kennel, bed and breakfast, campground, or outdoor recreation/playground.

Key Highlights

  • 6.5 acre lot with water and sewer connections suitable for redevelopment
  • Located on US 29 Lee Highway near Interstate 66 interchange
  • High traffic count of 15,000 vehicles per day

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Repair Shop Law Firm Big Box & Wholesale Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

553
Businesses Nearby

Demographics for 20120, VA

42,697
Population
14,753
Households
2.9
Avg Household Size
38
Median Age
60%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
2,372
Density / Sq Mi
$149,844
Median Household Income
$71,167
Median Earnings
$2,244
Median Rent
$620,100
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - 6.5 acre redevelopment site near I-66 interchange.
Where is this commercial land located?
The property is located at 15500 Lee Hwy Centreville, VA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 6.5 acre lot with water and sewer connections suitable for redevelopment; Located on US 29 Lee Highway near Interstate 66 interchange; High traffic count of 15,000 vehicles per day
More about this property
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