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Property profile & analytics
OFF-MARKET
Land

5889 Lee Hwy Fairfield, VA 24435

2.91 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 2.91 ac (126,760 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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