Building Details

Building Size 2,538 SF

Tenancy Multiple

Spaces For Lease

at 531 E Nelson Street Contact us

Available space

Size

2,538 SF

Type

Retail

Lease Type

NNN

Availability

Active

Contact us

Listing Agency: Commonwealth Commercial Partners Show Phone

Listed By: Hartley Jordan · License #VA 0225271539

Source: Crexi

Added: Mar 11 Changed: Aug 17 Last Checked: Aug 20 at 4:50PM

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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 Commonwealth Commercial Partners

Investment Insights

Based on property information with market context.

This is a single tenant retail space available for rent. The property offers approximately 2,538 square feet of space.

Key Highlights

• Single tenant
• Retail property
• 2,538 SqFt

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Building Supply Nail Salon Big Box & Wholesale Store Garden Center Kitchen & Bath Showroom Storage Facility

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,155

Businesses Nearby

216k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 43% Dining 32% Groceries 18% Home Improvements & Furnishings 4%

Sheetz Shops & Services

40,847 visits/mo 0.1 miles

Kroger Groceries

19,544 visits/mo 0.1 miles

Cook Out Dining

18,951 visits/mo 0.1 miles

Ollie's Bargain Outlet Shops & Services

14,999 visits/mo 0.3 miles

Food Lion Grocery Store Groceries

14,835 visits/mo 0.4 miles

Demographics for 24450, VA

17,654

Population

7,650

Households

2.3

Avg Household Size

37

Median Age

46%

College-Educated

94%

High-School Grad

220.0 sq mi

ZIP Area

80

Density / Sq Mi

$77,839

Median Household Income

$29,841

Median Earnings

$1,017

Median Rent

$294,200

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

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What type of property is this? Where is this retail space located? What is the lease rate? 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 - Single tenant retail space available, approximately 2,538 square feet.

Where is this retail space located?

The property is located at 531 E Nelson Street Lexington, VA.

What is the lease rate?

The lease rate is $85,000.

What are key features of this property?

This property features: Single tenant; Retail property; 2,538 SqFt