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    159 Pittston Rd Lebanon, VA 24266

    Sponsored
    For Lease
    $16 SF/Yr ($10,666 /Mo)

    8,000 SF Retail Center, 1,497 SF Vacant

    Lot size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 8,000 square foot retail center in Lebanon, Virginia, presents a fantastic leasing opportunity. Located at 159 Pittston Rd, zip code 24266, this Class C property sits on a 6.6-acre lot (APN: 104R E 916D) and is zoned for commercial use. Currently, 1,497 square feet of space is available, representing a minimum divisible unit. The property is multi-tenant, offering flexibility for various business types including office, restaurant, and medical uses. The building is anchored by a Food City grocery store, ensuring high foot traffic and visibility. The available space is currently unfinished, allowing for complete customization to suit a tenant's specific needs and branding. Ample parking is available for customers and employees. The property's well-maintained exterior contributes to its strong curb appeal and prime location within a thriving business community. This high-traffic area provides excellent exposure for any business seeking to establish a strong presence in Lebanon, Virginia. The property is an ideal choice for businesses seeking a versatile and adaptable space in a convenient and highly visible location.

    Property Features for 159 Pittston Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,000 SF
    Class
    C
    Total Rate
    10666.67

    Unit(s) available at that property

    Space
    Suite B
    Size
    1,497 SF
    Rate per SF
    $16

    HighLights

    • 8,000 SF retail center in Lebanon, VA (24266).
    • 1,497 SF available, minimum divisible unit in a multi‑tenant building.
    • Located on a 6.6‑acre lot (APN: 104R E 916D), zoned commercial.
    • Food City‑anchored center offering high visibility and foot traffic.
    • Unfinished space allows for tenant customization.
    • Ample parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Russell
    State
    Virginia
    Longitude
    -82.0592709
    Latitude
    36.9014796

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    FAQs

    What type of property is this?
    Retail property - 8,000 SF Retail Center, 1,497 SF Vacant
    Where is this retail property located?
    The property is located at 159 Pittston Rd Lebanon, VA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 8,000 SF retail center in Lebanon, VA (24266).; 1,497 SF available, minimum divisible unit in a multi-tenant building.; Located on a 6.6-acre lot (APN: 104R E 916D), zoned commercial.
    Request Owner's contact information
    159 Pittston Rd Lebanon, VA 24266
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    Lebanon, VA 24266
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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
    159 Pittston Rd Lebanon, VA 24266
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