5874 Lee Hwy Fairfield, VA 24435
This exceptional 7,368 square foot commercial property presents a rare investment opportunity in Fairfield, VA. Situated on a spacious 1.33-acre lot on busy Route 11, this location offers unparalleled visibility and accessibility, just minutes from I-81 and historic downtown Lexington. Previously utilized as a bank, the building boasts numerous offices, conference rooms, and a large lobby, providing ample space for a variety of uses. The versatile zoning allows for diverse business ventures, including but not limited to a church, dance studio, or medical offices. The property's substantial size and layout offer significant flexibility for customization to meet specific business needs. Conveniently located next to the local fire department, the property benefits from ample parking and a level lot, ensuring ease of access for customers and employees. This turnkey property is ready for immediate occupancy and represents a unique chance to establish a thriving business in a desirable location. The building's brick construction ensures durability and a professional aesthetic. Don't miss this exceptional opportunity to acquire a prime commercial property in a thriving community. The asking price is $619,900.
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
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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.