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Commercial Property on High-Traffic Highway
For Sale
$269,000

7367 LEE HIGHWAY, Troutville, VA 24175

Multi-use commercial property with high visibility and endless potential.

Property Size4,937 SF
Lot Size1.44 Acres
Price / SF$54.49
Days on Market164

Property Features for 7367 LEE HIGHWAY

General Information

Standard status Active
Size 4,937 SF
Lot size 1.44 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $2,284

Building Details

Year Built 1940
Listing Agency:
Listed By: Teanna Coryn Harrigan
Source: Elliman
Added: Mar 11 Changed: Aug 14 Last Checked: Aug 20 at 11:02AM

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 Teanna Coryn Harrigan

Investment Insights

Based on property information with market context.

This commercial property features 4,937 square feet of single-story space on a 1.44-acre lot. The property has 500 feet of road frontage and ample parking. It is equipped with four operational gas pumps and up-to-date tanks with capacities of 10,000 gallons, 6,000 gallons, 4,000 gallons, and 2,000 gallons, along with a state-of-the-art monitoring system meeting EDQ standards. Infrastructure includes a new hot water tank, recently pumped septic system, oil heat, and an AC cooling system. Two water wells provide the water supply. Constructed with a durable wood frame and vinyl exterior, the layout offers flexibility for various business opportunities. Previously used as a truck stop and gas station, this property is suitable for a gas station, restaurant, convenience store, ice cream shop, or other retail or service ventures.

Key Highlights

  • Priced below tax assessment, offering immediate value.
  • Prime commercial property with 4,937 sq ft on 1.44 acres.
  • 500 feet of road frontage and ample parking** for high visibility and accessibility.

Property Analytics

Current Use

Gas stations

Suggested Use

Top Pick Building Supply Auto Parts Store Real Estate Agency Auto Repair Shop Restaurant Nursing Home

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

10
Businesses Nearby

Demographics for 24175, VA

8,165
Population
3,540
Households
2.3
Avg Household Size
47
Median Age
28%
College-Educated
96%
High-School Grad
80.4 sq mi
ZIP Area
102
Density / Sq Mi
$81,931
Median Household Income
$42,096
Median Earnings
$947
Median Rent
$274,300
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
Rey
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Frequently Asked Questions

What type of property is this?
Gas station - Multi-use commercial property with high visibility and endless potential.
Where is this gas station located?
The property is located at 7367 LEE HIGHWAY Troutville, VA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Priced below tax assessment, offering immediate value.; Prime commercial property with **4,937 sq ft on 1.44 acres.**; 500 feet of road frontage and ample parking** for high visibility and accessibility.
More about this property
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