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High Visibility Multi-Use Property
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140 Lee Hwy, Verona, VA 24482

Multi-zoned property with dwellings suitable for various uses.

Property Size7,629 SF
Price / SF$196.62
Days on Market205

Property Features for 140 Lee Hwy

General Information

Standard status Active
Size 7,629 SF
Property subtype Industrial, Office, Retail

Building Details

Buildings 4
Listing Agency: Cottonwood Commercial
Listed By: Barry Suttles · License #022521427
Source: Crexi
Added: Jan 29 Changed: Aug 8 Last Checked: Aug 18 at 4:58AM

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 Cottonwood Commercial

Investment Insights

Based on property information with market context.

This multi-use property offers many possibilities due to its high visibility and multiple zoning designations. The property includes four dwellings that can be utilized as apartments, rentals, or a rooming house. The zoning is SF15, GB, and LB. The location is excellent and not far from the new courthouse. The dwellings are in good condition. One unit is currently occupied by a month-to-month tenant. The GIS shows 6 Tax Parcels. The property size is 7629 square feet.

Key Highlights

  • High visibility location with multi‑use and multi‑zoned potential (SF15, GB, LB)
  • Four dwellings offer various income possibilities such as apartments, rentals, and rooming house
  • Excellent location near the new courthouse

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Auto Parts Store

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

269
Businesses Nearby

Demographics for 24482, VA

5,200
Population
2,003
Households
2.6
Avg Household Size
40
Median Age
21%
College-Educated
92%
High-School Grad
16.6 sq mi
ZIP Area
313
Density / Sq Mi
$72,693
Median Household Income
$33,258
Median Earnings
$1,075
Median Rent
$233,700
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-zoned property with dwellings suitable for various uses.
Where is this mixed-use property located?
The property is located at 140 Lee Hwy Verona, 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: High visibility location with multi‑use and multi‑zoned potential (SF15, GB, LB); Four dwellings offer various income possibilities such as apartments, rentals, and rooming house; Excellent location near the new courthouse
(540) 246-5666 Call to check price and availability
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