Multifamily Building on 2.99
For Sale
$827,500
727 LEE HWY, Verona, VA 24482
Well-maintained multifamily building with five units and ample parking.
Property Size5,206 SF
Lot Size2.99 Acres
Price / SF$158.95
Days on Market153
Property Features for 727 LEE HWY
General Information
Standard status
Active
Size
5,206 SF
Lot size
2.99 Acres
Property subtype
Commercial
Amenities
Central air
3 Or More Cars
Central Air Cooling
Forced Air Heating
Gas Heating
Private
Listing Agency:
1ST CHOICE REAL ESTATE
(540) 886-0145
Listed By:
LAURA FLOYD
Source:
Corcoran
Added: Mar 9
Changed: Aug 8
Last Checked: Aug 8 at 6:28AM
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 1ST CHOICE REAL ESTATE
Investment Insights
Based on property information with market context.
This well-maintained brick building features five rental units: three on the main floor and two in the basement. The property includes ample parking and is situated on Route 11, providing quick access to the interstate and local amenities. It is also located close to the new courthouse. Modern updates are present throughout the building. The landlord is responsible for water, sewer, and trash services. Separate meters are in place. The property consists of two parcels totaling 2.99 acres and is zoned B2, allowing for several commercial uses. All units are currently leased. Three of the units include kitchenettes. Please note that the Conex box and metal building do not convey with the property.
Key Highlights
- Zoned B2 allowing for several commercial uses
- Two parcels totaling 2.99 acres
- Five rental units, all currently leased
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multifamily building with five units and ample parking.
Where is this apartment building located?
The property is located at 727 LEE HWY Verona, VA.
What is the asking price?
The asking price for this property is $827,500.
What are key features of this property?
This property features: Zoned B2 allowing for several commercial uses; Two parcels totaling 2.99 acres; Five rental units, all currently leased
