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Property profile & analytics
OFF-MARKET
Commercial real estate

5874 Lee Hwy Fairfield, VA 24435

7,368 SF 1.33 ac lot Built 1980
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1980
Total area 7,368 SF
Lot 1.33 ac (57,935 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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