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    15500 Lee Hwy Centreville, VA 20120

    Sponsored
    For Sale
    $2,250,000

    High-traffic location, redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.51-acre commercial land parcel, located at 15500 Lee Hwy in Centreville, Virginia (zip code 20120), presents a compelling redevelopment opportunity. The property boasts 700 feet of frontage on Lee Highway (US 29), a major thoroughfare experiencing a daily traffic count of 15,000 vehicles. Its R-C zoning permits a variety of uses, including, but not limited to, church, school, daycare, veterinary clinic, brewery, or winery, subject to obtaining the necessary special use permits. The site's existing structures, remnants of a former motel, offer potential for repurposing or demolition. Essential utilities, including water and sewer connections, are already in place. The property's strategic location near the Interstate 66 interchange in Fairfax County further enhances its appeal. With its high visibility, substantial lot size, and versatile zoning, this property is ideally suited for a wide range of commercial ventures. The tax ID number is 0641-01-006. This is a rare chance to acquire a significant commercial property in a prime Centreville location. The asking price is $2,250,000.

    Property Features for 15500 Lee Hwy

    General Information

    Property type
    Land
    Lot Size
    283,576 SF

    HighLights

    • 6.51‑acre commercial land parcel in Centreville, VA (20120), tax ID 0641‑01‑006.
    • 700 ft of frontage on Lee Highway (US 29), 15,000 VPD.
    • R‑C zoning allows various uses including church, school, daycare, veterinary clinic, brewery, or winery (special use permits may be required).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Department Store HVAC Service Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Centreville
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.4847836
    Latitude
    38.8291188

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    FAQs

    What type of property is this?
    Land - High-traffic location, redevelopment opportunity.
    Where is this land located?
    The property is located at 15500 Lee Hwy Centreville, VA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 6.51-acre commercial land parcel in Centreville, VA (20120), tax ID 0641-01-006.; 700 ft of frontage on Lee Highway (US 29), 15,000 VPD.; R-C zoning allows various uses including church, school, daycare, veterinary clinic, brewery, or winery (special use permits may be required).
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    15500 Lee Hwy Centreville, VA 20120
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    Centreville, VA 20120
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15500 Lee Hwy Centreville, VA 20120
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