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    3100 Us Highway 23 Weber City, VA 24290

    For Lease
    $108,948

    1.3-acre lot, high traffic, build-to-suit

    Lot size:
    6,942 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.3-acre commercial lot, totaling 56,628 square feet, is ideally situated at the bustling intersection of Highway 23 and Wadlow Gap Road in Weber City, Virginia (zip code 24290). Boasting a prime location on a four-lane highway, this property benefits from over 27,000 vehicles passing daily. The existing single-story, 6,942 square foot building, constructed in 1989, offers significant potential for a variety of uses. The site features a wide driveway providing easy access from the highway to a clear, level area. Possible uses include, but are not limited to, car sales, landscaping/garden centers, equipment sales and service, truck parking/storage, or a fast-food restaurant. The owner is open to build-to-suit options with a long-term lease agreement. This location serves as a key commuter route connecting Gate City and Southwest Virginia to Kingsport, I-26, and the Tri-Cities region. The property's high visibility and convenient access make it an attractive opportunity for businesses seeking a strong presence in a high-traffic area.

    Property Features for 3100 Us Highway 23

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,942 SF
    Total Rate
    108948

    Building Details

    Year Built
    1989
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    56,628 SF
    Rate per SF
    $108,948

    HighLights

    • 1.3‑acre commercial lot (56,628 sq ft) at the intersection of Highway 23 and Wadlow Gap Road, Weber City, VA (24290).
    • High‑traffic location on a four‑lane highway with over 27,000 vehicles daily.
    • Existing 6,942 sq ft single‑story building (1989 construction) with versatile use potential.
    • Wide driveway and level site offering easy highway access.
    • Suitable for various uses including car sales, landscaping, equipment sales, truck parking, or fast food.
    • Owner open to build‑to‑suit options with long‑term lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Exxon Gas Station

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Weber City
    County
    Scott
    State
    Virginia
    Longitude
    -82.552241406961
    Latitude
    36.631425526091

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    FAQs

    What type of property is this?
    Land - 1.3-acre lot, high traffic, build-to-suit
    Where is this land located?
    The property is located at 3100 Us Highway 23 Weber City, VA.
    What is the lease rate?
    The lease rate is $108,948.
    What are key features of this property?
    This property features: 1.3-acre commercial lot (56,628 sq ft) at the intersection of Highway 23 and Wadlow Gap Road, Weber City, VA (24290).; High-traffic location on a four-lane highway with over 27,000 vehicles daily.; Existing 6,942 sq ft single-story building (1989 construction) with versatile use potential.
    Request Owner's contact information
    3100 Us Highway 23 Weber City, VA 24290
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    Weber City, VA 24290
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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
    3100 Us Highway 23 Weber City, VA 24290
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