Property profile

5816 Lee Hwy Atkins, VA 24311

OFF-MARKET
Land
1.08 ac lot
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Property summary

AI-generated overview

This exceptional 1.08-acre commercial lot is ideally located on Lee Highway (Rt. 11) in Atkins, Virginia, zip code 24311. The property boasts a highly visible location adjacent to a Dollar General store, ensuring significant foot and vehicle traffic. Zoned for commercial use, this level lot is ready for immediate development, offering unparalleled convenience and exposure for a variety of businesses. Public water and sewer connections are already in place, simplifying the development process. The property features unique access from two sides onto this corner lot, providing excellent accessibility. A rail line runs along the rear property line, offering proximity to rail spur lines across the tracks, presenting additional logistical advantages. Power is also available on-site. This is a fee simple ownership opportunity priced at $98,500. The thriving Atkins community is home to significant industries including the Utility Trailer Assembly Plant and Speyside Bourbon Cooperage, contributing to a robust local economy and strong potential for business growth. Don't miss this chance to establish your business in a prime location with excellent infrastructure and high visibility.

Property profile

Verified
Property type Land
Lot 1.08 ac (47,045 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5816 Lee Hwy Atkins, VA 24311
Atkins metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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