This 1,600 square foot building, situated on a 0.8-acre lot in Lexington, Virginia, presents a unique opportunity for lease. Previously a bank branch, this property features a three-lane drive-thru and is zoned B-1 (General Business District), allowing for a variety of uses including retail, restaurants, offices, and auto services. The building, constructed in 1997, is currently vacant and offers the chance to renovate or build to suit. Located on N. Lee Highway, a four-lane divided highway, the property benefits from high traffic counts (20,000 vehicles daily) and excellent visibility, enhanced by a pylon sign. Its strategic location offers easy access to I-64 and I-81, placing it near two major universities (Virginia Military Institute and Washington & Lee University), numerous hotels, and popular restaurants such as Applebee's, Chick-fil-A, and Dunkin'. The property includes 18 parking spaces. The square-shaped lot provides ample space for development and expansion. This is an exceptional opportunity to establish a business in a thriving college town with strong demographics and high traffic volume. The property's existing infrastructure, including the drive-thru, offers significant advantages for various commercial ventures. The property's address is 869 N Lee Hwy, Lexington, VA 24450, and the APN is 61A1-1-5C1.
Retail property - Prime Retail/Office Space - 1600 SF
Where is the retail property located?
The property is located at 869 Lee Hwy Lexington, VA.
What is the lease rate?
The lease rate is $85,000/SF/YR.
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Contacts
Spencer Grassie
Lindsey King
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Lee Hwy Lexington, VA 24450
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Lee Hwy Lexington, VA 24450
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869 Lee Hwy
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