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    2801 Lee Hwy Troutville, VA 24175

    Sponsored
    For Sale
    $995,000

    High-traffic corner lot, 0.62 acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.62-acre commercial land parcel presents a unique investment opportunity in Troutville, Virginia. Strategically located at the intersection of Route 11 and Alternate 220, this corner lot boasts exceptional visibility and high traffic counts, ensuring maximum exposure for any commercial venture. Easy access to interstate highways further enhances its appeal, providing convenient connectivity for customers and employees. The property's expansive size offers ample space for development, accommodating a wide range of commercial uses. Its prime location within Botetourt County, Virginia, and the proximity to Troutville's vibrant community, make this an ideal site for businesses seeking a strong foothold in a growing market. The asking price is $995,000. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a highly visible and accessible commercial property in a desirable location. Don't miss out on this chance to establish your business in a thriving area with excellent growth potential. The property is zoned for commercial use (verification of zoning with local authorities is recommended). The address is 2801 Lee Highway, Troutville, VA 24175.

    Property Features for 2801 Lee Hwy

    General Information

    Property type
    Land
    Lot Size
    27,007 SF

    HighLights

    • 0.62‑acre commercial lot in Troutville, VA, priced at $995,000.
    • High‑traffic corner lot at Route 11 and Alternate 220 intersection, offering excellent visibility.
    • Easy interstate access for convenient customer and employee access.
    • Ample space for diverse commercial development.
    • Located in Botetourt County, near Troutville's thriving community.
    • Commercially zoned (buyer to verify).
    Property Profile Location Intelligence

    Current Use by Public Records

    Truck Sales Motor Vehicle Dealer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Troutville
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.903309
    Latitude
    37.386997

    Nearby Comparable

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    Nearby Similar for Sale

    • $1,295,000
      5,396 SF

      Former Restaurant on High-Traffic Site

      Former restaurant with redevelopment potential on a high-traffic site.
      2775 Lee Hwy, Troutville, VA 24175
      View Details
    • $1,750,000
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      Multi-Tenant Business Center For Sale

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      192 Summerfield Ct, Troutville, VA
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    • $320,000
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      Troutville Retail Property - High Visibility

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      7367 Lee Hwy, Troutville, VA 24175
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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, 0.62 acres
    Where is this land located?
    The property is located at 2801 Lee Hwy Troutville, VA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 0.62-acre commercial lot in Troutville, VA, priced at $995,000.; High-traffic corner lot at Route 11 and Alternate 220 intersection, offering excellent visibility.; Easy interstate access for convenient customer and employee access.
    Request Owner's contact information
    2801 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
    2801 Lee Hwy Troutville, VA 24175
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