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Retail Property at Interstate Convergence
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145 Commonwealth Dr, Wytheville, VA 24382

Retail building positioned at the I-77 and I-81 convergence with visibility to more than 30,000 vehicles daily.

Property Size4,696 SF
Price / SF$585.60
Days on Market146

Property Features for 145 Commonwealth Dr

General Information

Standard status Active
Size 4,696 SF
Property subtype Retail
Occupancy 100%
Lease Type Absolute Net
Investment Type Net Lease
Net Operating Income $195,899

Additional Details

Highway Access Yes

Building Details

Year Built 2001
Tenancy Single
Listing Agency: Matthews
Listed By: Nathan Roberto · License #TN 36870.
Source: Crexi
Added: Apr 20 Changed: Sep 10 Last Checked: Sep 12 at 5:41AM

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 Matthews

Investment Insights

Based on property information with market context.

This retail property offers approximately 4,696 square feet of space and benefits from its positioning at the convergence of Interstates 77 and 81. The site is described as providing strong visibility and consistent exposure to travelers throughout the year.

The property is located at 145 Commonwealth Drive in Wytheville, Virginia. Public remarks indicate a combined traffic count exceeding 30,000 vehicles per day across the two major transportation corridors, supporting its roadside retail presence.

With the property size provided and its access tied to major interstate routes, this is a straightforward option for a buyer seeking a retail asset tied to highway visibility.

Key Highlights

  • Retail building located at the I‑77 and I‑81 convergence
  • Visibility to more than 30,000 vehicles per day at I‑77 & I‑81
  • Positioned on two major interstate transportation corridors

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Building Supply Parking Lot & Garage Big Box & Wholesale Store Storage Facility Real Estate Agency Kitchen & Bath Showroom

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

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

470
Businesses Nearby

Demographics for 24382, VA

14,109
Population
7,682
Households
1.8
Avg Household Size
46
Median Age
23%
College-Educated
88%
High-School Grad
189.9 sq mi
ZIP Area
74
Density / Sq Mi
$52,234
Median Household Income
$38,208
Median Earnings
$706
Median Rent
$167,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail building positioned at the I-77 and I-81 convergence with visibility to more than 30,000 vehicles daily.
Where is this retail space located?
The property is located at 145 Commonwealth Dr Wytheville, VA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Retail building located at the I‑77 and I‑81 convergence; Visibility to more than 30,000 vehicles per day at I‑77 & I‑81; Positioned on two major interstate transportation corridors
(925) 858-6965 Call to check price and availability
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