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    3221 Lee Hwy Troutville, VA 24175

    Sponsored
    For Sale
    $650,000

    1.5-acre pad-ready site near I-81.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1.5-acre commercial land parcel, located at 3221 Lee Highway in Troutville, Virginia (APN 101(5)4A), is offered for sale at $650,000. The property is zoned B2 and boasts a highly visible location directly off Interstate 81 at Exit 150, experiencing daily traffic counts of 59,000 vehicles. Its prime location is further enhanced by its proximity to a busy Comfort Suites hotel, two additional hotels, and a Cracker Barrel restaurant, all within a short distance. The site is pad-ready, with readily available utilities and sewer access located on the same side of the road. Importantly, there are no deed restrictions on this property, providing significant flexibility for a wide range of commercial uses. This makes it an ideal location for restaurants, fast-food establishments, convenience stores, or other commercial ventures seeking high visibility and convenient access to a major interstate highway. The property's size and location present a unique opportunity for developers and investors seeking a strategic foothold in a thriving commercial area. This exceptional location offers unparalleled exposure and accessibility, making it a highly desirable investment opportunity.

    Property Features for 3221 Lee Hwy

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre commercial land parcel in Troutville, VA (APN 101(5)4A) offered at $650,000.
    • High‑visibility location directly off I‑81 at Exit 150, with 59,000 daily vehicle counts.
    • Pad‑ready site with readily available utilities and sewer.
    • Located near three hotels and a Cracker Barrel.
    • B2 zoning with no deed restrictions, ideal for restaurants, fast food, or convenience stores.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Troutville
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.89932766261
    Latitude
    37.392334099722

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 1.5-acre pad-ready site near I-81.
    Where is this land located?
    The property is located at 3221 Lee Hwy Troutville, VA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 1.5-acre commercial land parcel in Troutville, VA (APN 101(5)4A) offered at $650,000.; High-visibility location directly off I-81 at Exit 150, with 59,000 daily vehicle counts.; Pad-ready site with readily available utilities and sewer.
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    3221 Lee Hwy Troutville, VA 24175
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    Troutville, VA 24175
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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
    3221 Lee Hwy Troutville, VA 24175
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