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    3241 Lee Hwy Troutville, VA 24175

    Sponsored
    For Sale
    $450,000

    1-Acre Pad-Ready Site, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-acre commercial land parcel in Troutville, Virginia, presents a remarkable investment opportunity. Located at 3241 Lee Highway, this B2-zoned property boasts an enviable location directly off Interstate 81 at Exit 150, experiencing high daily traffic counts of 59,000 vehicles. Its pad-ready status ensures immediate development potential, with readily available utilities and sewer access conveniently situated on the same side of the road. The property's strategic position is further enhanced by its proximity to three hotels, including a Comfort Inn, and a Cracker Barrel restaurant, guaranteeing high visibility and significant foot traffic. The absence of deed restrictions allows for a wide range of commercial uses, making it ideal for restaurants, fast-food establishments, convenience stores, or other businesses seeking a prime location with excellent accessibility. The property's APN is 101(5)4A. This is a rare chance to acquire a highly desirable commercial lot in a thriving area, offering immediate development potential and strong return on investment. The asking price for this exceptional property is $450,000.

    Property Features for 3241 Lee Hwy

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • I‑81 frontage at Exit 150.
    • Pad‑ready site.
    • Easy utility access.
    • Three hotels within 0.1 miles.
    • Ideal for restaurant, fast food, or convenience store.
    • No zoning restrictions.
    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
    -79.8988454
    Latitude
    37.3930959

    Nearby Comparable

    • $650,000
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      Troutville Commercial Land - $650K

      1.5-acre pad-ready site near I-81.
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      Pad-Ready Site Near Interstate I-81

      One-acre pad-ready site with easy utility access near I-81.
      3241 Lee Hwy, Troutville, VA 24175
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      Former Restaurant on High-Traffic Site

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    • Contact for pricing
      6,867 SF

      2.8 Acre Corner Lot

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      Development Ready Land For Sale

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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
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    • $1,750,000
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      Multi-Tenant Business Center For Sale

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    • $320,000
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      Troutville Retail Property - High Visibility

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    FAQs

    What type of property is this?
    Land - 1-Acre Pad-Ready Site, High Traffic
    Where is this land located?
    The property is located at 3241 Lee Hwy Troutville, VA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: I-81 frontage at Exit 150.; Pad-ready site.; Easy utility access.
    Request Owner's contact information
    3241 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
    3241 Lee Hwy Troutville, VA 24175
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