5889 Lee Hwy Fairfield, VA 24435
This exceptional 2.91-acre commercial land parcel presents a unique investment opportunity in Fairfield, Virginia. Strategically located on North Lee Highway, the property boasts excellent visibility and frontage, ensuring high traffic exposure. Its immediate proximity to Exit 200 of Interstate 64 provides unparalleled accessibility, connecting businesses to a major transportation artery. The unimproved land is ready for development, offering a blank canvas for a variety of commercial ventures. Detailed traffic counts highlight the significant potential: Interstate 81 sees an average annual daily traffic (AADT) of 48,000 vehicles, while North Lee Highway registers an AADT of 3,100 vehicles. The property features full access to North Lee Highway, facilitated by a convenient median cut, simplifying ingress and egress. This prime location in Henrico County, Virginia, zip code 24435, offers a compelling combination of high traffic volume, excellent visibility, and convenient access, making it an ideal site for businesses seeking a strong foothold in a thriving area. The coordinates are 37.8846602 latitude and -79.2790649 longitude. This is a rare opportunity to acquire a substantial commercial land parcel in a high-traffic area with exceptional visibility and convenient access to major roadways.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.