Building Details

Year Built 2021

Year Renovated 2025

Buildings 1

Stories 1

Tenancy Single

Listing Agency: SRS Real Estate Partners McLean p***@srsre.com Show Phone

Listed By: Andrew Fallon · License #VA 0225193951

Source: Crexi

Added: Mar 9 Changed: Aug 19 Last Checked: Aug 22 at 1:44PM

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Investment Insights

Based on property information with market context.

This is a 9,000 square foot retail space available for sale. The property has a capitalization rate of 6.40%.

Key Highlights

• 6.40% CAP Rate
• 9,000 SqFt Retail Space
• Built in 2021

Property Analytics

Property Profile

Current Use

Dollar General Discount Store FedEx OnSite Postal Service

Suggested Use

Top Pick Auto Repair Shop Parking Lot & Garage Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Grocery & Convenience 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

204

Businesses Nearby

114k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 53% Shops & Services 27% Groceries 19%

McDonald's Dining

30,350 visits/mo 0.1 miles

Food City Groceries

22,069 visits/mo 0.3 miles

Exxon Shops & Services

18,316 visits/mo 0.2 miles

Hardee's Dining

15,950 visits/mo 0.3 miles

Taco Bell Dining

11,568 visits/mo 0.3 miles

Demographics for 24319, VA

6,500

Population

3,100

Households

2.1

Avg Household Size

46

Median Age

20%

College-Educated

89%

High-School Grad

62.4 sq mi

ZIP Area

104

Density / Sq Mi

$49,140

Median Household Income

$39,216

Median Earnings

$775

Median Rent

$145,400

Median Home Value

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

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - 9,000 SqFt retail space with 6.40% CAP rate.

Where is this retail space located?

The property is located at 258 W Lee Hwy Chilhowie, VA.

What is the asking price?

The asking price for this property is $1,525,000.

What are key features of this property?

This property features: 6.40% CAP Rate; 9,000 SqFt Retail Space; Built in 2021