Building Details

Building Size 6,000 SF

Year Built 1990

Listing Agency: Poe & Cronk Real Estate r***@poecronk.com Show Phone

Listed By: Richard Wellford, CCIM · License #0225077598 Show Phone

Source: Tcnworldwide

Added: Sep 25, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:06PM

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Investment Insights

Based on property information with market context.

This is a 6,000 square foot stand-alone retail space situated in the Fairlawn section of Radford, Virginia, along US Route 11, just north of Peppers Ferry Road. The property benefits from high traffic and visibility from all directions, with a traffic count of 26,000 cars per day. It is located among businesses such as Lowes, Walmart, Kroger, Starbucks, Sheetz, and Rural King, as well as various fast-food establishments. The property has been recently renovated and is ready for occupancy. A highly visible monument sign is present. The property includes a hydraulic lift for deliveries and a loading area with racking provided. It is located on the commercial main drag in Radford. The previous tenant expanded to a larger site nearby.

Key Highlights

• High traffic location with 26,000 cars per day.
• High visibility** from all directions and a highly visible monument sign.
• Located on the commercial main drag in Radford near major retailers (Lowes, Walmart, Kroger, Starbucks, Sheetz, Rural King).

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Building Supply Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

343

Businesses Nearby

220k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 47% Home Improvements & Furnishings 18% Groceries 16% Shops & Services 16%

Rural King Home Improvements & Furnishings

39,037 visits/mo 0.3 miles

Kroger Groceries

28,835 visits/mo 0.2 miles

Cook Out Dining

25,125 visits/mo 0.4 miles

McDonald's Dining

24,352 visits/mo 0.2 miles

Starbucks Dining

15,618 visits/mo 0.3 miles

Demographics for 24141, VA

20,308

Population

10,043

Households

2

Avg Household Size

34

Median Age

41%

College-Educated

94%

High-School Grad

65.6 sq mi

ZIP Area

310

Density / Sq Mi

$60,503

Median Household Income

$31,330

Median Earnings

$999

Median Rent

$230,000

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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Frequently Asked Questions

What type of property is this?

Retail space - Recently renovated retail space with high visibility and traffic.

Where is this retail space located?

The property is located at 7429 Lee Highway Fairlawn, VA.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: High traffic location with **26,000 cars per day.**; High visibility** from all directions and a highly visible monument sign.; Located on the commercial main drag in Radford near major retailers (Lowes, Walmart, Kroger, Starbucks, Sheetz, Rural King).